Banks looking for capital injections

January 12, 2017, 01.05 PM  | Reporter: Laurensius Marshall Sautlan Sitanggang
Banks looking for capital injections


JAKARTA. This year, some banks are planning to raise funds through issuing shares without preemptive rights. The funds will be used to increase the capitals and liquidity to channel credits.

For an example, PT Bank Ina Perdana Tbk (BINA) is targeting to obtain effective permission from Financial Service Authority (FSA or OJK) on 13 January. The bank’s rights issue ratio will be 1,000:1,075. In other words, a shareholder who holds 1,000 BINA’s shares is eligible to buy 1,075 rights issue shares.

BINA is targeting to obtain as much as Rp 703.05 billion funds from the second rights issue by issuing at maximum 2.93 billion new shares at the price of Rp 240 per a share.
“Hopefully, the funds will be obtained on 15 February,” said President Director of Bank Ina Perdana Edy Kuntardjo, Wednesday (11/1).

The additional funds as much as Rp 703.05 billion will increase the equities of Bank Ina Perdana to Rp 1.1 trillion. With the total capitals of more than Rp 1 billion, the status of the bank will be upgraded to Commercial Banks Group of Business Activities II (BUKU II). After being upgraded to BUKU II, the bank will focus on digital banking services.
Strengthening credits

Likewise, Director of Compliance of Bank Yudha Bhakti Lim Wardiman said that the bank will prepare for rights issue in an immediate time. “Perhaps, in Semester I of 2017. Bank Yudha Bhakti wants to be upgraded to BUKU II,” Lim said.

The banks’ shareholders consist of PT Gozco Capital (39.90%), PT Asabri (35.22%), Inkop, Puskop, and Kopkar (11.32%), and public (11.32%). To date, Bank Yudha has accumulated as much as Rp 799 billion funds so that the bank needs Rp 300 billion more funds to achieve the minimum requirement of Rp 1 trillion to be upgraded to BUKU II.

Meanwhile, PT Bank Bukopin Tbk is targeting to obtain Rp 2 trillion-Rp 3 trillion funds from rights issue, which is scheduled on the first semester of 2017. “First, we have to find partners,” said President Director of Bank Bukopin Glen Glenardi.

The rights issue may increase the capital adequacy ratio (CAR) of Bukopin from 15% to 17%. The loan to deposit ratio (LDR) of Bank Bukopin is projected to stand at the level of 88%-90%. “The LDR was at 93% as per September 2016,” said Glen. (Muhammad Farid/Translator)

Cek Berita dan Artikel yang lain di Google News

Editor: Barratut Taqiyyah Rafie

Latest News