JAKARTA (TheInsiderStories) – Three Indonesian banks targeting to go up to BOOK IV scale banks with total equity more than Rp30 trillion (US$2.14 billion) before 2021, said the lenders. The three banks namely PT Bank OCBC NISP Tbk (IDX: NISP), PT Bank Danamon Indonesia Tbk (IDX: BDMN) and PT Bank Tabungan Negara (IDX: BBTN)
Currently, there are five banks are in the BOOK IV groups like PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Negara Indonesia Tbk (IDX: BBNI ), PT Bank Central Asia Tbk (IDX: BBCA), and PT Bank CIMB Niaga Tbk (IDX: BNGA).
According to OCBC NISP President Director Parwati Surjaudaja, the lender rank could go up to Book IV in 2021 as long as could maintain the loan and net income grow around 10 to 15 percent. At the end of 2018, OCBC NISP’ equity worth of Rp23.59 trillion. This capital grew 11.19 percent compared to 2017 which was valued at Rp21.21 trillion.
Throughout 2018, NISP’s net profit grew 21.23 percent (yoy) to Rp 2.63 trillion from 2017 valued at Rp 2.17 trillion. Loan in 2018 grew double digits by 10.8 percent (yoy) to Rp 117.83.
“Organically, OCBC NISP’ capital will reached BOOK IV in 2021,” she told TheInsiderStories, on Monday (02/25).
While, Bank Danamon has the potential to rise to BOOK IV through organic growth and the result of a merger with PT Bank Nusantara Parahyangan Tbk (IDX: BBNP). Until the end of 2018, Bank Danamon’ core capital was Rp28.50 trillion and BBNP has core capital Rp1.26 trillion in September.
Then, Bank Tabungan Negara will begin the entry process to BOOK IV in 2020. Director oStrategy, Risk and Compliance Mahelan Prabantarikso said, the process of adding capital to be able to enter the level is most likely through a rights issue. Other ways use assistance from the state-owned holding bank that will be formed in this year.
As of September 2018, the state-owned bank‘ core capital amounts to Rp19.03 trillion. Until the end of 2018, Mahelan predicts, the value will increase to Rp21 trillion.
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