PermataBank launches electronic-based bond marketplace
The Jakarta Post
Publicly listed lender PermataBank has launched E-Bond, the first electronic marketplace in Indonesia integrated into an online banking system. This allows the bank’s clients to buy and sell bonds while using other services on the online platform.
PermataBank retail banking director Bianto Surodjo said customers were only required to go to a nearby branch and purchase a bond just once in order to receive this feature on their platform.
"The customers must go and register at the branch because we have to explain the procedure and rules. After that, they can conduct transactions anywhere," Bianto said during a launch event at the Indonesia Stock Exchange (IDX) building in Jakarta on Monday.
The minimum amount for the first bond purchase is Rp 100 million (US$7,581).
Bianto said the bank might lower the minimum amount in the future after analyzing consumer behavior.
"We will start with Rp 100 million first. Then we will analyze the behavior of consumers. If things are going well, we will lower the limit from time to time," he said. (ags)
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