Bahana assist BRI to acquire Bank Agro

PT Bahana Securities assist PT Bank Rakyat Indonesia Tbk to acquire PT Bank Agroniaga Tbk. BRI has prepared some IDR2 trillion funds to acquire bank.

The government called BRI prioritizes more on the acquisition of Bank Agroniaga than the option takeover of PT Bank Bukopin Tbk.

Director of BRI Sudaryanto Sudargo was indicated the bank's profit in 2009 might grow by 15% from 2008's IDR5.96 trillion.

Bank Agroniaga is owned by Dana Pensiunan Perkebunan with 61.1 percent possession, Dapenbun Nusantara 32.69 percent, Jamsostek 3.27 percent, Yayasan Sa-ra-na Wana Jaya 1.96 percent and public under 5 percent.