JAKARTA (Yosefardi) – PT Bank Mutiara Tbk (BCIC) plans to raise Rp300 billion via rights issue, to boost the bank’s capital to Rp1.48 trillion from current Rp1.18 trillion.
J Trust Co Ltd has acquired 99% shares of BCIC. It had paid Rp4.41 trillion for this acqusition.
As at September 2014, BCIC’s CAR stood at 13.53%, way below the national average of 19.5%. The Financial Services Authority (OJK) urges J Trust to boost BCIC’s CAR to minimum 14%.
BCIC suffered loss of Rp223.8 billion in first nine months of 2014. The bank booked net interest income of Rp31.2 billion, compared to Rp213.2 billion in the same period of 2013.