Friday, March 12, 2010

OCBC NISP plans to issue IDR500 billion bonds

PT Bank OCBC NISP Tbk plans to issues IDR500 subdebt for increase capital adequacy ratio (CAR). The company promptly to appoint underwriter for subdebt issuance by end of the month.
The management of OCBC NISP expects the net profit and credit could grow about 20-30 percent. So the company needs to raise capital. Formerly, net profit of OCBC NISP tended to rise 38 percent into IDR435.9 billion as from IDR316.9 billion in previous year. The credit performance in 2009 rose 11 percent into IDR30.2 trillion.

No comments: