Bank BTPN Tbk vs Malacca Trust Wuwungan Insurance Tbk. — how do they compare? Bank BTPN Tbk trades at Rp2,200 (market cap 23.18T), while Malacca Trust Wuwungan Insurance Tbk. trades at Rp268 (market cap 783.76B). The key difference: Bank BTPN Tbk is far larger — about 29.6× Malacca Trust Wuwungan Insurance Tbk.'s market cap. Which is the better fit depends on your goals.
| BTPN | MTWI | |
|---|---|---|
Market Cap | 23.18T | 783.76B |
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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 Malacca Trust Wuwungan Insurance (the Company) formerly known as PT Asuransi wuwungan, was established based on Notarial Deed No. 76 dated December 15, 1952, which was amended based on Deed No. 133 dated January 21, 1953 of Raden Mas Soerojo, S.H., Notary in Jakarta.Since 2011, Malacca Trust Limited, a Singapore-based holding company, through its subsidiaries Batavia Prosperindo International and Batavia Prosperindo Finance, has successfully become a majority shareholder of PT Malacca Trust Wuwungan Insurance. This completes the entire Malacca Trust Limited business in the financial industry where previously it has owned asset management, securities & multi finance company based in Indonesia.
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