Company: Sinar Mas Multiartha Tbk PT Brand value: US$162 million Year on year change: 12% Headquarter city: Jakarta Industry: Banking Year formed: 1982
Sinar Mas Multiartha is the holding company for financial businesses within Sinar Mas, and its subsidiaries provide expertise to private and corporate customers across a range of investment services, including underwriting, consumer financing, securities administration, securities brokerage, investment management, IT and trading. Insurance is the largest part of its business, but the brand is also well known as a source of consumer credit to buyers of cars and motorcycles.
In the past year, Sinar Mas has launched a new business line with the development of a 10,000 sqm car-trading center, Bursa Mobile BSD, in the Tangerang district of greater Jakarta, and has taken a 50 percent stake in life insurance provider Asuransi Jiwa Mega Life.
Sinar Mas Multiartha is majority owned by Bank of Singapore Limited, with a small stake held by Credit Suisse AG. The remaining 45 percent of shares is owned by the public and traded on the Indonesia Stock Exchange.