INDONESIA - BANKING - Bank Mandiri Push BSM & BSHB Go Public

www.bisnis.com - JAKARTA: PT Bank Mandiri Tbk preparing to take off some shares in the subsidiary through an initial public offering as a consequence of regulatory restrictions on bank ownership.

Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.

However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB).  (source)

INDONESIA - BANKING - Subsidiaries help lift Mandiri profits

www.thejakartapost.com - Subsidiaries of the nation’s largest lender Bank Mandiri (BMRI) helped lift the bank’s consolidated net profits significantly last year—a trend that the bank expects to persist in the years to come.

Mandiri president director Zulkifli Zaini said on Thursday the bank’s subsidiary business units booked a combined net profit of Rp 1.56 trillion (US$170 million) in 2011, contributing 12.73 percent to the group’s overall bottom line. (source)

BANKING - Indonesia's Mandiri ups rights issue, eyes $1.56 bn

JAKARTA, Aug 18 (Reuters) - Indonesia's Bank Mandiri (BMRI.JK) said on Wednesday it aims to raise between 13-14 trillion rupiah ($1.45-$1.56 billion) in a rights issue this year, double its previous target for the capital raising.

Investors have snapped up Indonesian stocks .JKSE and bonds over the past 18 months, attracted by strong economic growth fuelled by domestic demand and commodities exports.