0 Interested Foreign Bank IPO Maspion Select

Interested Foreign Bank IPO Maspion Select

News of interest in a foreign financial institution to annex banks in Indonesia continue to emerge. Most recently, news emerged that Maspion Bank Indonesia has signed a Memorandum of Understanding (MoU) with a Canadian bank, which The Royal Bank of Canada (RBC).

According to sources KONTAN who know the deal, Bank Maspion willing to sell about 30 percent of its shares to RBC totaling 80 million U.S. dollars, or around Rp 728 billion. "The MoU was signed this month,".

By the end of 2009, the Bank's total assets stood at Rp Maspion 2.32 trillion. This asset value rose about 17.17 percent over the previous year which amounted to Rp 1.98 trillion. Maspion Bank has about 10 branches and 22 sub-branches.

Based on the financial statements of 2009, Family Bank Alim has Maspion through PT Alim Investindo, with a 77.81 percent share of ownership. Other shareholders are PT Guna Investindo 7.78 percent, 3.14 percent Rachmawati Space, Alim Markus 2.62 percent, 2.10 percent Literature Honor Alim, Alim Satria 2.10 percent, 2.10 percent Alim Initiative, Gunardi 1 , 31 percent, and Alim Puspita had 1.04 per cent stake.

Selecting went public when confirmed, the Bank's management Maspion denied the news. Director of Bank Maspion Herman Halim admitted, some time ago, there are a number of investors are interested in buying a stake in Bank Maspion, "There are from Singapore, Malaysia, Korea, the Middle East and even Canada., But no one until MoU. They only expressed interest in , "Herman said to KONTAN.

Prospective investors were not done due diligence due diligence in the Bank's alias Maspion. Most prospective investors are institutional fund managers (fund manager) foreigners.

However, Herman said, the current Bank Maspion not interested in selling shares to foreign investors. Maspion Bank wants to maintain its status as a national bank, and plans to offer its shares to the public alias initial public offering (IPO). Of the celebration, the Bank Maspion wants to make fresh funds amounting to Rp 800 billion - $ 1 trillion. "If you can this year, yes, Thank God," said Herman.

Now, the plan offers Maspion Bank shares on the Indonesia Stock Exchange (BEI) is still in the process of preparation. Herman claimed, he has selected neither the beauty contest held on 3 to 4 prospective underwriter. "There's a local, and from Singapore," he explained.

Based on data from Bank Indonesia (BI), until April 2010, the Bank has disbursed loans Maspion of Rp 1.71 trillion. As for third-party funding (TPF), which have been collected Maspion Bank reached Rp 1.93 trillion. Its composition is a saving worth Rp 464.69 billion to Rp 285.43 billion in current accounts and deposits of Rp 1.18 trillion. In the same period, the Bank posted a net profit Maspion about USD 3.37 billion.

Editor: Erlangga Djumena