JAKARTA (Yosefarardi) – PT Bank Mandiri Tbk (BMRI) plans to set up a ventura capital entity to support its business expansion this year.
With venture capital entity, Bank Mandiri could expand its business outside of the financial services business. BMRI has proposed this plan to the Financial Services Authority (OJK).
Meanwhile PT Bank Ekonomi Raharja Tbk plans to go private or delist its shares from the Indonesia Stock Exchange (IDX). Bank Ekonomi, as reported, will be integrated into HSBC Indonesia within next 3-4 years.
OJK also noted that the banking capital capacity was still strong reflected in 19.6% capital adequacy ratio (CAR) as at end 2014.