JAKARTA (Yosefardi) – This year is the last time for divesting PT Bank Mutiara Tbk (BCIC), then the Indonesian Deposits Insurance Corporation (LPS) offers new scheme of offering to interested buyers, that is the payment of settlement could be made gradually.
LPS failed to divest BCIC in earlier four years, priced at minimum Rp6.7 trillion, equal to bailout fund disbursed to BCIC in 2008. LPS had last year injected Rp1.5 trillion to BCIC.
Harry Azhar Azis deputy head of Commission XI at the Lower House of Representatives (DPR), said Bank Mutiara might be offered at Rp3-4 trillion only.
He noted that after more than 5 years, LPS fails to lift price to book value of Bank Mutiara to minimum capital placement of Rp6.7 trillion