Wednesday, March 24, 2010

BRI offer Bank Agro at level IDR110 per share

PT Bank Rakyat Indonesia Tbk offer PT Bank Agroniaga Tbk at level a par value of IDR110 per share.
In the corporate action, BRI as the financial advisor is assisted by PT Bahana Securities, and Bank Agroniaga by PT OSK Nusadana Se-curities Indonesia.
Bank Agro stock price yesterday fell down 0.78 percent into IDR127 as from IDR128 on previous closing and thus the capitalization was IDR434.23 billion.
Central Bank (Bank Indonesia) data on December 2009 shows Bank Agro credit asset lacked of collection with questionable and default worth IDR114.6 billion. The figure dropped from December 2008 of IDR125.6 billion. But the plumment of NPL quality went along with the falling financing performance as from IDR2.04 trillion into IDR1.99 trillion.

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