Friday, January 15, 2010

Bank Windu prepares rights issue 60%

PT Bank Windu Kentjana Tbk prepares rights issue this year of 50-60 percent of the current capital worth IDR312 billion in anticipation of capital for business expansion growth target by 20 percent.
The rights issue scheme is to anticipate the additional capital need this year with the under 12 percent CAR as the indicator.
The rights issue aims not only to meet business needs this year but also capital rise for long term expansion support of small and medium enterprises and consumers.
To support the business expansion scheme the company also prepared networks expansion of 20 offices with this year investment worth at IDR30 billion.
Some cities targeted here include the Greater Jakarta and Java, Bali, Palembang, Pekanbaru, Pontianak with good economy growth.
The corporate liquidity is fine as the loan to deposit ratio (LDR) is still flexible particularly after the third party has more aggressive growth or 44 percent into IDR2.42 trillion.
Besides, the credit quality is also very good with NPL level of 0.7 percent (gross) and NPL net of 0.5 percent.

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