Bank BTPN Tbk vs Sarana Mitra Luas Tbk. — how do they compare? Bank BTPN Tbk trades at Rp2,200 (market cap 23.18T), while Sarana Mitra Luas Tbk. trades at Rp316 (market cap 2.77T). The key difference: Bank BTPN Tbk is far larger — about 8.4× Sarana Mitra Luas Tbk.'s market cap. Which is the better fit depends on your goals.
| BTPN | SMIL | |
|---|---|---|
Market Cap | 23.18T | 2.77T |
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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 Sarana Mitra Luas Tbk (the Company) was established on Sep 28, 2006 based on Notarial Deed No. 06 of Fransiska Bonita Maya Dwi Tanti, S.H., notary in Bekasi. The Company started its commercial operations in 2006.
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