JAKARTA. PT Bank Permata Tbk (BNLI) has received a new rating from Pemeringkat Efek Indonesia (Pefindo), a local security rating agency, of “idAAA” with Stable prospect. This rating is effective until October 1, 2025.

In the official statement, Pefindo mentioned that BNLI’s rating reflects a solid support from its new parent entity, Bangkok Bank Public Company Limited.

“Standalone credit profile of Bank Permata indicates a significantly solid market position and capitalisation,” Pefindo said.

However, Pefindo also highlighted that BNLI’s rating is still limited to moderate asset quality, as well as fierce competition in the banking industry.

The rating may be lowered once Pefindo detected any weakened support from BNLI’s shareholder, which is represented by significant reduction in portfolio. Moreover, the rating may be pressured if Pefindo detects any slippage in shareholders’ support.

For the record, BNLI was established in 1954 and started to make its way to Indonesia Stock Exchange (IDX) since 1990. Since 2020, Bangkok Bank has become BNLI’s shareholder, after acquiring all shares that used to belong to PT Astra International Tbk (ASII). (KR/ZH)