OJK to Help Bank Muamalat to Get Investors
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - The Financial Services Authority (OJK) would prepare another option to increase Bank Muamalat’s capital should the Right Issue arrangement scheme being executed by the bank's management be canceled.
"We appreciate the current process. If there are any obstacles, we will prepare an alternative," said Wimboh on Thursday, February 22.
Read: Transparency of Transaction at Islamic Bank Muamalat
The first sharia bank in Indonesia is looking for new investors to increase its capital. As of September 2017, Bank Muamalat’s capital adequacy ratio (CAR) stood at 11.58 percent. Although the figure is still above the requirement, it is still below Basel III to absorb a systemic risk (countercyclical).
Initially, PT Minna Padi Investama Tbk. will serve as a standby buyer of 51 percent of Muamalat’s rights issue worth Rp4.5 trillion. Minna Padi had deposited Rp1.7 trillion in the saver's account.
However, the plan was canceled as the authorities questioned the source of the fund. Minna Padi currently is only an investor facilitator.
Read: OJK Urges Banks to Disburse SME Loan
In relation to the situation, Wimboh said that the authorities only consider the formal statement issued by controlling shareholder in the process.
"We urge all parties to withhold the speculation through a statement without considering the official statement that represents the controlling shareholder as to not cause confusion to the public," he added.
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