JAKARTA (Yosefardi) – PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk (BJBR), Bank Jabar, mulls to launch rights issue and re-valuate assets, aiming to boost core capital from current Rp7.2 trillion.
The bank expects to boost its capital adequacy ratio (CAR) to 18-19%, from 15.5% at September 2015. The rights issue is scheduled for next year.
BJBR also targets its loan to grow by 13-14% next year and third party funds to grow by 13.5%. Then the loan deposit ratio (LDR) would increase to 92% (70% at September 2015).
BJBR’s loan grew by 11.23% to Rp54.49 trillion in first nine months to September of 2015 period, from Rp48.99 trillion in the corresponding period of 2014.
BJBR booked profit after tax of Rp864 billion in first nine months this year, grew by 20.67% from Rp716 billion a previous year. Net interest income rose 8.4% to Rp3.55 trillion.