TEMPO Interactive, Jakarta:The Indonesian Bank Restructuring Agency (IBRA) announced on Monday (20/1) that it will start to divest its 71% share in Bank Danamon at the end of this month. IBRA plans to sell off 51% of its Bank Danamon shares to strategic investors and a maximum of 20% through the capital market; this is almost the same as the Bank Niaga divestment. I Nyoman Sender, the IBRA Deputy Chairman for Bank Restructuring, made the announcement when accompanied by Prasetio, a Bank Danamon Director, and Jonathan Chang, a Financial Advisor from JP Morgan. So far, only 1% of Bank Danamon shares belong to public, so selling the shares through the capital market is considered important. According to I Nyoman Sender, this will be implemented in parallel to the strategic sale process. We will support IBRAs liquidity up to 20%, said JP Morgans Jonathan Chang. I Nyoman Sender explained that what was most important thing was seeking a liquid market. Therefore, IBRA will hold road shows in several Asian countries, including Singapore, Hong Kong, and Malaysia, during February. Though the priority will be on the Asian market, there will also be road shows in Europe, especially in London, according to Chang. Up to September 30, 2002, Bank Danamon Indonesias net profit was Rp725 billion with a loan to deposit ratio (LDR) of 50%, and total assets of Rp54.297 trillion. In 2003, Bank Danamon Indonesia is committed to put a priority on consumer banking. We hope consumer banking will account for 60% of our business, said Prasetio. (Priandono-Tempo News Room)