"We hope it will be smooth and the offering will is successful," he said when met at the parliament building here on Monday.
He also hoped that state-owned companies would also participate in the process to play the role of Deposit Guarantee Institute (LPS) who has so far owned the bank.
The LPS has already appointed PT Danareksa Sekuritas as the financial adviser in the Mutiara Bank`s divestment plan. It has also appointed Assegaf Hamzah & Partners as legal advisers in the sale process of the bank.
The LPS has set several criteria to determine would-be investors
such as meeting the Bank Indonesia regulations, not one of the old shareholders or affiliated with or has blood relationship with the old shareholders.
According to the law LPS has to sell a bank it has taken over in three years by the latest. LPS took over the former Century Bank in 2008.
By December 2010 the bank assets reached Rp10.7 trillion up from Rp5.5 trillion recorded in December 2008.
The third party funds in the bank meanwhile reached Rp8.9 trillion while its capital adequacy ratio has risen from minus 81.81 percent to 10.85 percent.
(Uu.H-YH/HAJM/A014)
Editor: Priyambodo RH
Copyright © ANTARA 2011
