JAKARTA (Yosefardi) – PT Bank Internasional Indonesia (BII) Tbk (BNII) mulls to raise fresh funds through issuing new shares (rights issue) and bonds.
The bank needs fresh funds to maintain its liquidity and to lower its costs of funds. The new funds is expected to boost the bank’s capital adequacy ratio (CAR) to 14%, from 12.72% by end of last year.
BNII booked profit after tax of Rp344.97 billion in the first half of 2014, dropped 50% from Rp690 billion in the same period of 2013. Net interest income rose 5.1% to Rp2.95 trillion from previous Rp2.81 trillion.
The bank recorded Rp703.31 billion for provision for impairment losses on financial instrument, compared to Rp324.83 billion in first half of 2013.