Search result for: "BMRI"

Bank Central Asia, Tbk (BBCA IJ), the largest private bank, saw its loan growing by 5.8% yoy to IDR386.1trn in 9M16). Its bad loan as reflected by its non-performing loan (NPL) ratio which doubled to 1.5% from 0.7% a year earlier, therefore its loan-loss provision rose was up 47.8% yoy to IDR11.3trn. The management saw.

Indonesia primary market is starting to get busy this week after seeing quiet week last month. The new bonds being offered at the moment coming from diversified sector with indicative prices seen getting lower compared to the last month issuance. Meanwhile, some companies also have announced their plans this week to get the bonds out.

Indonesia banking sectors seek to broaden its long-term funding base through the issuance of debt securities those are believed to be cheaper than funding from customer deposits. Total fundraising from bonds market by banks sector year to date has reached IDR5.7trn. That number will increase as some listed banks will get the issuance out soon,.

Pemeringkat Efek Indonesia (Pefindo) affirmed idAA for PT Mandiri Tunas Finance (TUFI) and its outstanding Shelf Registration Bond I/2013. The same rating also affirmed for the proposed Shelf Registration Bond II/2015 with a maximum amount of IDR 2 trn. The rating reflects the company’s status as core subsidiary of Bank Mandiri (BMRI:IJ idAAA/Stable), strong business.

Bank Permata’s key strengths are its two main shareholders, Standard Chartered Bank (SCB) and Astra International, Tbk (ASII IJ). Both have a joint ownership of 89.12% in Bank Permata, Tbk (BNLI IJ). SCB is a British multinational bank operating in over 70 countries and has a credit rating of A+ by S&P. Whereas, Astra is.

Since Bank Mandiri (BMRI) took 51% ownership of Mandiri Tunas Finance (MTF) from Tunas Ridean (TURI) in 2009, MTF’s outstanding consumer receivables have almost tripled to IDR8.2trn at end-2011 from UDR2.9trn as at end-2009. However, the loans growth did not translate into higher net income due to rising provisions and contraction in margin. The good.

A good combination of variables to move forward BMRI is our top pick for the banking sector as it is well-positioned going into 2012. Its key strengths include: (i) a liquid balance sheet gives the bank ample room to disburse loans, (ii) an impressive deposit franchise growth enables it to manage its cost of funds,.

WHAT’S BREWING? Wintermar Offshore Marine (WINS) issued several announcements over the past 1 month, which are i) ordered a platform supply vessel (PSV) for deepwater drilling support, ii) plans to gradually sell off 38 older vessels, and iii) obtained a USD27m loan from Bank Mandiri. We believe strong support from the cabotage ruling has enabled.