Investor from Malaysia again eyes on bank in Indonesia. Now Affin Holdings Bhd got approval from the Central Bank of Malaysia to acquire PT Bank Ina Perdana.
Management of Affin Holdings, in the announcement of Malaysia bourse, expected to negotiate with Bank Ina shareholders. “It will promptly have negotiation, (bank in Indonesia) has significant potential growth,” said official statement from the company last week.
Based on BI publication, Bank Ina is the non foreign exchange bank resides on Jl. Abdul Muis No. 40 Central Jakarta. Up to September 2009, the bank assets stood at IDR865.9 billion or rose 28.6 percent as from IDR673.3 billion previously.
The soaring asset is supported by the growing third party fund that rise into IDR744.4 billion if compared to the former period of IDR566 billion. But bank credit performance declined 21.9 percent or IDR94.2 billion into IDR430.1 billion.
Despite the credit plummet, the bank still recorded an IDR11.8 billion rise as from IDR8.5 billion. From the finance performance indicator actually there is no reason to divest the bank.
But if seen deeply, the bank capital only stands at IDR106.9 billion. The figure slightly rose if compared to the former period of IDR96.5 billion. The capital adequacy ratio (CAR) stands at 29.2 percent as from 23.4 percent.
Banks with limited capital are commonly offering to investor in response to the BI policy onf minimum capital of IDR100 billion by end of the year.
The bank will be subject to limited operational would they fail to meet the capital requirement.
If Bank Ina is acquired, Affin is the fourth Malaysian firm after RHB Capital Bhd RHB Capital Bhd, which claimed to buy PT Bank Mestika Dharma worth IDR3.12 trillion or US$329 million.
Joni added RHB has proposed permit to BI to acquire the Medan-based bank.
The soaring asset is supported by the growing third party fund that rise into IDR744.4 billion if compared to the former period of IDR566 billion. But bank credit performance declined 21.9 percent or IDR94.2 billion into IDR430.1 billion.
Despite the credit plummet, the bank still recorded an IDR11.8 billion rise as from IDR8.5 billion. From the finance performance indicator actually there is no reason to divest the bank.
But if seen deeply, the bank capital only stands at IDR106.9 billion. The figure slightly rose if compared to the former period of IDR96.5 billion. The capital adequacy ratio (CAR) stands at 29.2 percent as from 23.4 percent.
Banks with limited capital are commonly offering to investor in response to the BI policy onf minimum capital of IDR100 billion by end of the year.
The bank will be subject to limited operational would they fail to meet the capital requirement.
If Bank Ina is acquired, Affin is the fourth Malaysian firm after RHB Capital Bhd RHB Capital Bhd, which claimed to buy PT Bank Mestika Dharma worth IDR3.12 trillion or US$329 million.
Joni added RHB has proposed permit to BI to acquire the Medan-based bank.
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