JAKARTA (Yosefardi) – J Trust Co Ltd, new owner of PT Bank Mutiara Tbk (BCIC), plans to inject capital of Rp1.3 trillion to BCIC until 2018.
At first stage, J Trust will inject Rp300 billion to BCIC, then J Trust’s ownership in the bank will increase to 99%. J Trust will inject more Rp350 billion in the first quarter of 2015.
Ahmad Fajar, new president director of BCIC, said the bank will change its loan portfolio to micro segment, from previous focus on big customers who failed to return the loan.
He added BCIC however will maintain loan allocation for multifinance companies which currently reaches 37.5% of total loan.
BCIC’s loan reached Rp7.8 trillion this year while third party funds totaled Rp8 trillion. The bank targets to add credit and third party funds by Rp2 trillion each in 2015.