Insider stories -Indonesia state-own lenders, PT Bank Negara Indonesia (BBNI.JK) considering to acquire medium bank with minimum assets IDR20 trillion and cancelled their plans to acquiring investment firm PT Bahana Pembangunan Usaha Indonesia, said one senior official today. The bank also open to selling part of their stakes in three units businesses BNI Securities, BNI Syariah and BNI Multifinance 

 

"The acquiring plans is open and one of our 2013's business plans. We also open to invite partners to boost our units business. We keep majority stake if we will do it," CEO of BBNI Gatot Suwondo told press today at his office

 

Last year, BNI has sell 40 per cent of their stakes in BNI Life to Japan's insurance firm Sumitommo Life Ltd with worth IDR4.2 trillion through rights issue scheme. The bank also has sold 25 per cent shares of BNI Securities to Japan's securities house

SBI Securities Co, Ltd IDR114 miliar in 2010. 

 

This year Bank Negara Indonesia targeting the loans growth up to 17 per cent support by business banking and consumers lending. Net Interest Margin stay in range 5.5  to 6 per cent, Loan to Deposits Rate up to 87 per cent and bottom lines grow stronger inline with 2013's growth.

 

Other plans, Suwondo said, to strengthened the bank's liquidity through Indonesia Central Bank instrument like interbank borrowing program, repurchase agreement (Repo) markets and other instrument. Last year, He said, BBNI's borrowings up 116.6 per cent from IDR8.75 trillion to IDR18.95 trillion last year with underlying banker acceptance $1.3 billion with tenures three to six month. The fund use for foreign exchange transaction and new trade financing. 

 

The bank also considers to us their government bonds as an underlying interbank borrowings or repo markets and to reprofile the maturity of the bonds. Now Bank Negara hold IDR41.43 trillion.