ID :
30578
Mon, 11/17/2008 - 09:54
Auther :
Shortlink :
http://m.oananews.org//node/30578
The shortlink copeid
BTN TO REINFORCE CAPITAL THROUGH RESTRUCTURING
Jakarta, Nov 17 (ANTARA) - State-owned saving bank (BTN) will restructure its assets next year in an effort to reinforce its capital while waiting for a momentum to divest its shares through an initial public offering (IPO), its president director Iqbal Latanro said.
"We will restructure our assets through PT Sarana Multigriya Finansial (SMF)," Latanro said in connection with his bank's plan for IPO.
He said that while carrying out assets restructuring BTN would continue to make preparations for the initial public offering, including preparing an issuance guarantor company.
Latanor said that BTN projected its IPO to be carried out when the capital market conditions had recovered. The IPO was also intended to reinforce BTN's capital structure.
He did not mention the amount of BTN's assets it would restructure. But it was estimated at Rp500 billion based on the semester I plan.
BTN's assets in the third quarter in 2008 increased 22.7 percent from Rp8 trillion in the same quarter in 2007 to Rp42,8 trillion.
Its credit extension in the third quarter of 2008 reached Rp12.1 trillion, exceeding its annual target of Rp10.04 trillion.
The bank's capital adequacy ratio (CAR) reaches 16.8 percent, non-performing loan (NPL) 3.2 percent, return on asset (ROA) 1.73 percent, return on equity (ROE) 19.4 percent and net interest margin (NIM) 5.5 percent.
"We will restructure our assets through PT Sarana Multigriya Finansial (SMF)," Latanro said in connection with his bank's plan for IPO.
He said that while carrying out assets restructuring BTN would continue to make preparations for the initial public offering, including preparing an issuance guarantor company.
Latanor said that BTN projected its IPO to be carried out when the capital market conditions had recovered. The IPO was also intended to reinforce BTN's capital structure.
He did not mention the amount of BTN's assets it would restructure. But it was estimated at Rp500 billion based on the semester I plan.
BTN's assets in the third quarter in 2008 increased 22.7 percent from Rp8 trillion in the same quarter in 2007 to Rp42,8 trillion.
Its credit extension in the third quarter of 2008 reached Rp12.1 trillion, exceeding its annual target of Rp10.04 trillion.
The bank's capital adequacy ratio (CAR) reaches 16.8 percent, non-performing loan (NPL) 3.2 percent, return on asset (ROA) 1.73 percent, return on equity (ROE) 19.4 percent and net interest margin (NIM) 5.5 percent.
