Search result for: "BUKU IV"

Bank Umum Kelompok Usaha IV (BUKU IV) this year began to actively consolidate, one of them through the plan of purchasing the bank’s or.

Two private bank in the Bank Umum Kelompok Usaha IV (BUKU IV), i.e. Bank Central Asia, Tbk (BBCA IJ), and Bank CIMB Niaga, Tbk (BNGA IJ) are ready to acquire China origin digital.

PT Bank CIMB Niaga, Tbk (BNGA IJ) lowered its deposit interest rate from 6.75% to 6.35%, in response to lower Bank Indonesia’s 7 Days Reverse Repo Rate to 4.25%. According to Financial Services Authority, regulates capping of deposits for banks BUKU IV is maximum 75 bps above the Bank Indonesia reference interest rate.

The last two bonds offering this month received decent demand from investors. Recent new bonds offered by Sarana Multigriya Finansal (idAA+/Stable) was oversubscribed by 2 times registering a total demand of IDR 2trn yet the company only issued IDR630bn. Oversubscription was seen also in Federal Finance’s (FIFA) new continuous bonds offering that received IDR3.9trn demand,.

Industrial Bank of Korea Commitment. In April 2020, AGRS conducted right issue with a price of IDR 170 per share. The bank, which focuses on financing MSMEs, released 4.72 billion units of shares and received fundings worth IDR 803.32 billion. With this right issue, the share ownership of Industrial Bank of Korea (IBK).

BNGA: WeChat Pay Start Operates January 2020. WeChat Pay immediately operates in Indonesia, having a cooperation with Bank CIMB Niaga, Tbk (BNGA IJ). As one of BUKU 4 category Bank, BNGA has receive approval for WeChat Pay to start operation January.

BMRI to Buy MTN IDR4Trn. Bank Mandiri (Persero), Tbk (BMRI) receive additional liquidity of IDR4Trn from the Bank Indonesia (BI) Lenders Reserve Requirements (Giro Wajib Minimum, GWM) relaxation.