Friday, June 29, 2012

INDONESIA - BANKING - Bank Victoria Mulls 20% Stake Sale to Foreign Investor

www.theindonesiatoday.com - JAKARTA, Indonesia Today - PT Bank Victoria International Tbk (BVIC) plans to sell 15-20% stake to foreign investors for increasing capital, Investor Daily reported this morning.

Andrew A Haswin, alternate president director of Bank Victoria, said some foreign investors including from Europe are interested to buy Bank Victoria's shares. "Growing by organically is the best way to grow faster," he said.
Bank Victoria's shareholders are PT Victoria Sekuritas Masyarakat (35.16%), public (32.56%), Suzanna Tanojo (13.47%), Emirates Tarian Asset Management (9.05%), PT Suryayudha Investindo Cipta (6.4%) and PT Nata Patindo (3.36%).  (source)


As of March 2012, the bank's assets totaled Rp11.78 trillion of which credit amounted Rp6.05 trillion. Third party funds reached Rp9.73 trillion with loan to deposit ration (LDR) of 61.67%. Capital adequacy ratio (CAR) was 15.47% and non performing loan (NPL) was 3.91%.
It booked profit after tax of Rp46.43 billion while interest income reached Rp62.41 billion. Net interest margin (NIM) was 2.39%. (hans@theindonesiatoday.com)

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