JAKARTA (Yosefardi) – PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) plans to acquire a multifinance company with assets of Rp5 trillion, to become major shareholder in the targeted company.
Currently the bank is studying on three multifinance companies as targets of acquisition. As of September 2013, the bank’s assets totaled Rp75.86 trillion. It has cash and cash equivalent of Rp1.77 trillion.
The bank’s credit reached Rp44.05 trillion while third party funds totaled Rp53.49 trillion. The bank booked profit after tax of Rp1.09 trillion, compared to Rp945.63 billion in the same period of last year. Net interest income increased to Rp3.57 trillion from previous Rp2.79 trillion.