Bank BTPN Tbk vs Indonesia Pondasi Raya Tbk. — how do they compare? Bank BTPN Tbk trades at Rp2,200 (market cap 23.18T), while Indonesia Pondasi Raya Tbk. trades at Rp302 (market cap 604.91B). The key difference: Bank BTPN Tbk is far larger — about 38.3× Indonesia Pondasi Raya Tbk.'s market cap. Which is the better fit depends on your goals.
| BTPN | IDPR | |
|---|---|---|
Market Cap | 23.18T | 604.91B |
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Bank Tabungan Pensiunan Nasional, PT (the company) was established by notarial deed no.31 dated Feb 16, 1985 of komar Andasasmita, SH. The Bank's Articles of Association have been amended several times, including through Notarial Deed no. 11 dated Mar 3, 2006 of notary Sutjipto, SH. The amendment is to revise the Bank's Articles of Assotiation to comply with the regulation of the Indonesia Stock Exchange and the Capital Markets Supervisory Agency and Financial Institution in relation to the planned initial public offering.The Bank started its commercial operation in banking activities since 1985. Based on the Ministry of Finance decision letter No.135/KM/11/1986, the Bank was granted a license to operate as a commercial bank.
Read more on BTPN →PT Indonesia Pondasi Raya Tbk (the Company) was established in Jakarta based on Notarial Deed Tan Thong Kie No. 18 dated 21 October 1977 and has been approved by the Ministry of Law in its decision letter No. Y.A 5/118/24 and was published in Supplement No. 430 of the State Gazette No. 49 dated 17 June 1980.
Read more on IDPR →