JAKARTA: PT Bank Victoria Syariah is planning an initial public offering (IPO) by second half of 2012 in attempt to add capital adequacy ratio (CAR). The two-year financing expansion has eroded the bank's CAR. President Director of Bank Victoria Syariah Sari Idayanti explained that CAr of the private bank now stands at 196%. The high CAR is resulted from the inefficient financing distribution after the spin-off in April 2010. (source)
