JAKARTA: The procurement of 99.99% of PT Bank Mutiara Tbk through recapitalization bonds will advantage government and national banking industry.
Technically, the option to purchase Bank Mutiara through recapitalization bonds is welcomed, said Bank Mutiara’ President Director Maryono. However the decision is on Ministry of Finance hand.
“Purchase through recapitalization bonds will advantage national banking as Bank Mutiara’s return on equity in March arrived at 18%,” he said today, May 22.
As for Escrow Deposit Agency (LPS), he continued, ownership over recapitalization bonds will not harm financial condition as it can be cashed or paid to the Ministry of Finance so that the amount of government debt is reduced. (T05/aph)