Kategori: Finance

Deputy of Ministry of State Owned Enterprise (SOE) expects to PT Bank Rakyat Indonesia, Tbk (BBRI IJ) to acqire PT Bahana Artha Ventura this year. Ministry of SOE is speeding up the process of establishment, and expected to finished next year. For the record, government is preparing the scheme for the establishment of SOE Bank’s.

PT Bank Mandiri (Persero), Tbk (BMRI IJ) cuts its 3-month and 6-month deposit interest’s rate by 25 basis points (bps), from 5.75% to 5.5%. The rates for the deposit segment of less than IDR100mn to less than IDR1bn, which also applies to 3 and 6 months tenors. Meanwhile, Bank Mandiri’s deposit interest rate for 12-month.

PT M Cash Integrasi, Tbk will list its share on Indonesia Stock Exchange (IDX) on October 31, 2017. Company is offering 216,983,300 its new shares (equivalent 25% its paid-up capital), with the price range between IDR1,300 to IDR1,450 per share, or company will raise fund around IDR300bn from this initial public offering.

PT Mandiri Tunas Finance, a subsidiary of PT Bank Mandiri (Persero), Tbk (BMRI IJ), expands its four-wheeled financing, adding three new offices network in Eastern Indonesia, namely Jayapura, Sorong, and Ambon. Company is trying to contribute, in line with the growing development in these three cities, meet the needs in financing of motor vehicles (both.

PT BFI Finance Indonesia, Tbk (BFIN IJ), through its new subsidiary namely PT Finansial Integrasi Teknologi, expands information technology financing’s business segment. Total investment for its new subsidiary worth IDR2.5bn came from internal cash, and Finansial Integrasi Teknologi will serve loan saving base.

PT Bank CIMB Niaga, Tbk (BNGA IJ) targeting IDR400bn of selling Indonesian Retail Obligation (ORI) with a coupon rate at level 5.85%. The coupon is not too high and below its psychological level 6%. The bond target is addressed to all customers, with its advantages can be sold in the secondary.

PT Asuransi Simas Net, a subsidiary of PT Sinarmas Multi Artha, Tbk (SMMA IJ), reported its travel insurance premium reached IDR5.2bn, or increased 20% compare to same period last year. Demand insurance still high, will increase Simas Net premium’s customer.

PT Bank CIMB Niaga, Tbk (BNGA IJ) targeting IDR400bn of selling Indonesian Retail Obligation (ORI) with a coupon rate at level 5.85%. The coupon is not too high and below its psychological level 6%. The bond target is addressed to all customers, with its advantages can be sold in the secondary.

PT Bank Tabungan Pensiun Nasional, Tbk (BTPN IJ), a major player in servicing public sector pensions, issues its Shelf Registered Bond III Tranche II Year 2017 worth IDR1.5trn on Ocotber 10-12, 2017. This shelf registered bond will be issued in two series: the A series 1-year tenor, and the B series 3-years tenor, and has.

PT Bank Negara Indonesia, Tbk (BBNI IJ), is Indonesia’s fourth largest bank by asset size, reported its net profit IDR8.4trn as of August 2017, or increase 46.5% compare to previous period. This achievement supported by net interest income IDR19.4trn, or increase 11.9% compare to previous.