Medan (ANTARA) - The Financial Services Authority (OJK) hopes that all the shareholders will help Bank Sumut (the provincial bank of North Sumatra), increase its capital capacity so that the bank can grow.

"Addition of capital is one of the important things to improving Bank Sumut's performance and needs the support of shareholders," said Head of OJK Sumbagut Regional Office 5 Yusup Ansori in Medan, North Sumatra, Friday.

He said this at the General Meeting of Shareholders (GMS) and the Extraordinary GMS of Bank Sumut for 2018, where the main agenda was to ratify the financial statements of the 2018 financial year and the use of profits after tax.

Bank Sumut's capital ratio for December 2018 is 17.85 percent. Even though it has increased, the ratio is still lower than tose of other Regional Development Banks (BPDs), which have already reached 22.80 percent. Bank Sumut's authorized capital position in December 2018 reached Rp3.7 trillion.

North Sumatra Governor Edy Rahmayadi said that the North Sumatra Provincial Government as one of the shareholders of Bank Sumut seeks to continue to increase the number of its shares.

At present, Bank Sumut's shares per 2018 quarter III are 41 percent.

Translator: Eliswan Azly
Editor: Bambang Purwanto
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