What are the assets of Bank BTPN and Sumitomo Mitsui Indonesia?

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29/01/2018 17:54 WIB

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Aset Bank BTPN and Sumitomo Mitsui Indonesia (December 2016 – September 2017)

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What are the assets of Bank BTPN and Sumitomo Mitsui Indonesia?

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Aset Bank BTPN and Sumitomo Mitsui Indonesia (December 2016 – September 2017)

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PT Bank Tabungan Pensiun Nasional Tbk (BTPN) has announced a merger with PT Bank Sumitomo Mitsui Indonesia (BSMI). Management from both banks believe this merger will create significant positive synergies. BSMI focuses on corporate financing, while BTPN operates in the retail sector.

Based on financial reports as of September 2017, BTPN's assets totaled Rp 93.79 trillion, while BSMI's assets reached Rp 68.59 trillion. The combined assets of both banks would amount to approximately Rp 162.37 trillion.

For information, Sumitomo Mitsui Banking Corporation (SMBC) is the controlling shareholder of BTPN, holding a 40% stake, and holds a 98.48% stake in BSMI. If this corporate action is implemented, SMBC will become the controlling shareholder with ownership exceeding 40%.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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What are the assets of Bank BTPN and Sumitomo Mitsui Indonesia?

What are the assets of Bank BTPN and Sumitomo Mitsui Indonesia?

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