JAKARTA (yOSEFARDI) – PT Bank Internasional Indonesia (BII) Tbk (BNII) has boosted its ownership in PT Wahana Ottomitra Multiartha (WOM) Tbk (WOMF) to 68.55% after absorbing new shares of WOMF recently issued. WOMF raised Rp200 billion from this new shares issuance, used to support its working capital.
PT Bank Mutiara Tbk (BCIC) has changed name to PT Bank J Trust Indonesia after J Trust Co. Ltd., Japan-based investment company, taking over the bank and controls 99.07% shares.
J Trust Co. Ltd has so far injected Rp600 billion to Bank J Trust Indonesia. J Trust Co Ltd will focus to lower the bank’s non performin loan (NPL) to below 5%. J Trust then will set up new company to handle the bad loans.