Business Activities Based on the Latest Articles of Association and Carried Out During the Fiscal Year
As stated in Article 3 of the Company’s Articles of Association, which was last amended and ratified through Deed No. 54 dated March 10, 2023, made before Desman, S.H., M.Hum, , Notary in Jakarta, the purpose and objective of PPA is to carry out business in the field of managing State assets originating from the Indonesian Bank Restructuring Agency (IBRA) for and on behalf of the Minister of Finance, restructuring and revitalization of BUMN, investments, management of BUMN assets in accordance with applicable laws and regulations and supporting business activities that support its main business activities as long as they do not conflict with laws and regulations.
To achieve the aims and objectives stated in the Company’s Articles of Association, the business activities carried out by the Company in 2024 included :
Products and/or Services Offered
Based on the above business activities, the PPA products and services include :
Management of Non- Performing Loan.
Special Situations Fund.
Strategic Initiatives
As of December 31, 2024, the Company handled 13 BUMN Under Management, as mandated by the Ministry of BUMN through a Special Power of Attorney (“SKK”). In addition to BUMN Under Management, the Company also manages other BUMN based on assignments.
Menara Danareksa Lantai 17
Jl. Medan Merdeka Selatan No.14
Jakarta 10110, Indonesia
Telp. (+62-21) 5798 – 2222
Fax. (+62-21) 5798 – 2233
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