TEMPO.CO, Jakarta - Riyadi, the head of Jakarta Regional-owned Enterprises and at the Jakarta Investment and Promotion Agency, expressed optimism that Bank DKI will be upgraded from BUKU II to BUKU III category this year.

Under the regulations drafted by the Financial Services Authority (OJK), included in BUKU III banks are those with core capital of Rp5 trillion (US$384.6 million). Riyadi revealed that DKI currently has core capital of Rp 4.5 trillion (US$346 million).

“[Bank DKI] needs additional capital of Rp500 billion (US$38.5 million),” Riyadi told Tempo on Sunday, April 19, 2015.

According to Riyadi, there are three ways to raise the additional capital. First, the Jakarta administration can instruct other regional-owned companies, such as PD Pasar Jaya and PT Jakarta Propertindo, to provide capital assistance. Riyadi said both companies have the capability to help Bank DKI with the additional capital. Riyadi said the endeavor would need governor’s approval.

The second option is to offer bonds to public. And the last one is to wait for capital injection next year. This year, only two regional-owned companies listed as state capital injection receivers, namely PT MRT Jakarta and PT Transportasi Jakarta.

ERWAN HERMAWAN