These are the Assets of Bank Mandiri and Bank Permata

Bank Mandiri (Persero) Tbk is reportedly offering to buy shares of PT Bank Permata Tbk (BNLI) at Rp 1,115-1,200 per share. As reported by Bloomberg, the bank (BMRI) has partnered with Morgan Stanley to assess this acquisition plan. After gaining control, BMRI will merge Bank Permata with its subsidiary, PT Bank Mandiri Taspen (Bank Mantap).

Based on financial reports as of December 2018, Bank Mandiri's assets totaled Rp 1,202.25 trillion, equity Rp 184.96 trillion, and profit Rp 25.02 trillion. Bank Permata's assets amounted to Rp 152.89 trillion, equity Rp 22.45 trillion, and profit Rp 901 billion. As of March 26, 2018, Bank Mandiri's market capitalization reached Rp 340.72 trillion, while Bank Permata's was only Rp 27.34 trillion.

Previously, Standard Chartered Bank Plc Group CEO Bill Winters announced the company's plan to divest its assets in several countries with low returns, including Indonesia. For information, Standard Chartered holds 44.56% of Bank Permata's shares.