bank jatim offer ipo
Date: 25 june 2012Categories : All News
PT Bank Pembangunan Daerah Jawa Timur, Tbk (Bank Jatim) will conduct public offering of shares (initial public offering / IPO) at a price range of Rp 430 - Rp. 670 per share, a maximum of 2,983,537,000 new shares in the form on behalf of the Series B shares (20% of the issued and paid-up capital after the public offering). Currently shares of Series A Bank Jatim, among others, East Java Provincial Government (64.33%), and the City / district throughout East Java (35.67%). President Director of Bank Jatim, Sukrianto Hadi, said the IPO proceeds will be used to support credit expansion, network expansion and development of information technology (IT) company. "About 80% to support the expansion of credit, and about 10% for network expansion, and the remaining 10% for the development of IT," Hadi said during a press conference before the event Investor Gathering in Bank Jatim Surabaya, Sunday (24/6). Hadi explained that the Bank Jatim target acquisition the IPO proceeds, will increase capital ratios (Capital Adequate Ratio / CAR) of the Company until the end of the year in the range of 20% -21%. "Our position in June 2012 CAR at 20.99% level. With the addition of IPO funds, our CAR at the end of the year in the range of 21% -22%. It has accounted for credit expansion this year, "said Hadi. Hadi also said that in order to expedite the IPO process, it has appointed two securities that will act as the Underwriter, PT Bahana Securities and PT Mandiri Securities (*)