JAKARTA (Yosefardi) – PT Bank Artha Graha Internasional Tbk (INPC) mulls to launch the rights issue, targeting to raise Rp300-500 billion proceeds, to boost its equity from current Rp2.76 trillion.
The rights issue proceeds will also help maintaining the bank’s capital adequacy ratio (CAR) at 14-16% range amid the growing loan expansion. It targets 12.5% growth in loan and third party funds for this year. As at March 2015, the bank’s loan reached Rp17.43 trillion while third party funds totaled Rp20.98 trillion.
INPC opts to maintain its growth target for this year while others revise down their targets along with the current economic downturn.