JAKARTA (Yosefardi) – State bank PT Bank Rakyat Indonesia Tbk (BBRI) allocates Rp3 trillion for acquiring a private life insurance company in the first half of this year, funded by its internal cash.
The bank has canceled its plan to acquire securities firm. BBRI expects to booked net profit of more than Rp21 trillion.
Meanwhile PT Reliance Securities Tbk (RELI) intends to boost its ownership in PT Bank Kesejahteraan Ekonomi to 40% from current 20%.
RELI spent Rp60 billion to buy 20% shares of Bank Kesejahteraan Ekonomi.