JAKARTA - PT BPD Jawa Timur Tbk (BJTM) plans to conduct private placements to support the credit expansion for toll infrastructure in East Java. However, the plan is still awaiting the approval from shareholders.
Ferdian Timur S, Director Finance PT BPD Jawa Timur Tbk (BJTM) state that the corporate action did not have any relation onto increase the capital adequacy ratio (CAR). “In terms of CAR, it is actually quite high, but we only undertake this due to the Regency and City that are interested in making deposits; then, we can conduct socialisation and we can recap to estimate the figure, which we will deliver in the next GMS(General Meeting of Shareholders),” he said.
In the first semester of 2019, CAR has recorded by 23,22%, slightly up from 23.08% in the same period last year.
At the end of 2019, Bank Jatim commits to disburse about Rp 1.2 trillion of loans to support the toll infrastructure Ngawi-Solo, Central Java and Tol Krian–Legundi–Bunder–Manyar, Gresik, East Java. (LK/W)