JAKARTA (Yosefardi) – Amid the economic slowdown, PT Bank Pembangunan Daerah Jawa Tengah (Bank Jateng) is still optimistic to achieve its profit target for this year with loan growth is on track.
Bank Jateng targets to book profit before tax of Rp1.1 trillion this year. The bank booked profit before tax of Rp612.65 billion in the first half of 2015, grew by 15.4% from Rp530.86 billion in the same period of 2014.
Its loan grew by 10.7% to Rp28.83 trillion from Rp26.04 trillion in the first half of 2014.
Bank Jateng plans to launch the initial public offering (IPO) in next 2-3 years, to boost its core capital which now reaches Rp2.71 trillion.
The bank needs Rp2 trillion fund to bring into BUKU 3 category of banks with minimum core capital of Rp5 trillion. It also plans to issue bonds worth Rp500 billion.
As at June 2015, Bank Jateng’s capital adequacy ratio (CAR) was 13.06%.