Search result for: "BNGA"

Responding to the increase in the reference interest rate 125Bps, banking industry adjusting deposit interest and credit. However, the interest for credit card transactions remain the same. This means that there is no increase in the underlying interest influence on performance of banking credit card. Bank Central Asia, Tbk (BBCA.

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 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 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.

Besides sold its land and building assets in East Java worth IDR100bn, PT Modern International, Tbk (MDRN IJ), also has sold its asset in several places such as in Jakarta, Serang, and Bali. The proceed will be used to repay its debt in one of the creditor of the company’s loan, PT Bank CIMB Niaga,.

PT Modern International, Tbk (MDRN IJ) sold its land and building asset at Jalan Industri Rungkut Raya No. 2 Surabaya, East Java worth IDR100bn. The asset was bought by PT Golden Tulip Pratama, and its revenue will be used to repay Modern’s bank loan worth IDR55bn to PT Bank CIMB Niaga, Tbk (BNGA.

PT Bank CIMB Niaga, Tbk (BNGA IJ) confiscated the asset of PT Modern International, Tbk (MDRN IJ) and its subsidiary namely PT Modern Sevel Indonesia, which were collateral in the bank worth IDR124bn. Its collateral was confiscated by the bank, is to repay Modern’s loan since shutting down 7 Eleven in last June.

We see Indonesia bond market prices have recovered in last week trading with  the yield on medium term bonds (5-7y) and long tenured bond (10y) tighten 7-11bps while short term bond only widen 3 bps. Recovery in corp bonds market was also seen in government bonds given foreign net sell minimized to Rp 1.2 trillion.