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January 7, 2008 |
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BANK PERMATA: Signs Cooperation Agreement With Toyota Astra PT Bank Permata Tbk has signed a cooperation agreement with Toyota Astra Finance Services (TA Finance), Reuters Investing Keys reports. According to the report, the two companies will launch the TA Personal Account, an online payment system for TA Finance's customers through a virtual account and network distribution of the bank. Headquartered in Jakarta, Indonesia, PT Bank Permata Tbk's -- http://www.permatabank.com/ -- products and services include liabilities, asset, credit card and bancassurance, PermataFOREX, commercial banking, e-channels and preferred banking. The bank has approximately 318 domestic branches, sub branches and cash offices throughout the country. The bank's subsidiaries, which are engaged in the securities industry, the consumer finance and leasing sector, the general insurance business and the banking sector, include PT Bali Securities, PT Bali Tunas Finance, PT Asuransi Permata Nipponkoa Indonesia and Bank Perkreditan Rakyat. As reported by the Troubled Company Reporter-Asia pacific on Oct. 19, 2007, Moody's Investors Service raised the foreign currency long-term debt and foreign currency long-term deposit ratings of Bank Permata. The detailed ratings are: -- The foreign currency long-term deposit rating was raised to B1 from B2. -- The Not Prime foreign currency short-term deposit rating, Baa3 global local currency deposit rating and D- BFSR were unaffected. |
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