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BNI and Mandiri May Get Extensions on Rights Issues
March 09, 2010

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State-owned lenders PT Bank Negara Indonesia and PT Bank Mandiri still have a chance to launch rights issues this year despite missing a January 31 deadline to submit plans, Deputy State-Owned Enterprises Minister Muhammad Yasin said on Tuesday. “In the context of the process, we still have time, so it could still be possible,” he said.

BNI president director Gatot Suwondo said on Tuesday that he had convinced the State Enterprises Ministry, the Coordinating Ministry for the Economy and the House of Representatives to approve BNI’s plan for a rights issue.

“We proposed it in February and the House and SOE minister have in principle agreed,” he said. BNI wants to launch a rights issue to lift its capital-adequacy ratio, Gatot said. 


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