Maryono said if he could choose he would prefer banks which are strong in macro-business segment as its buyer to complete the business sector Mutiara Bank has so far been strong in namely retail and foreign exchange business sector.Jakarta (ANTARA News) - Mutiara Bank which has declared itself for sale is hoping that big banks would buy it to support its development, its president director Maryono said here on Wednesday.
"If our bank is acquired by bigger banks its development could be faster as they could make use of our bank`s existing branches," he said in connection with the planned sale of the bank which has been started with offers as of early this month.
Maryono said if he could choose he would prefer banks which are strong in macro-business segment as its buyer to complete the business sector Mutiara Bank has so far been strong in namely retail and foreign exchange business sector.
"If the bank is strong in the macro-sector it could be exchanged with our bank which is strong in the micro sector to complement each other," he said.
Based on Law Number 24 of 2004 on Deposit Insurance Agency (LPS) government equity in the former Century Bank must be sold as of this year with a possible extension until 2013.
The law also states Mutiara Bank must be sold at the optimum price or minimally as much as total government capital participation in the bank namely Rp6.7 trillion.
"The one assigned to find the buyer is LPS with Danareksa as financial adviser. We are only assigned to increase the value of the bank by improving its performance," he said.
He said investors would not only see present Mutiara Bank value but also its future business prospects as a bank that has strong credit development power, is prudent and experienced in foreign exchange transactions.
"The two factors are our sales points for investors although we cannot as yet about the optimum price," he said.
To continue to improve the value of the bank Maryono said he would keep improving its performance and quality by implementing good corporate governance, improving risk management and with technology development.
He said one of the measures the bank would take is restoring its old assets left by former Century Bank whose value is still poor. He said the bank has so far been able to settle Rp2.2 trillion out of Rp6.8 trillion worth of the assets so far.
The rest assets include securities abroad worth Rp1.5 trillion which is now still under judicial process in Switzerland.
"We wish to get an optimum price," he said.
Mutiara Bank recorded a 247.8 percent profit growth in the first semester of 2011 to Rp202.9 billion from Rp58.4 billion in the same period last year.
The bank`s assets have also grown 47.3 percent from Rp8.541 trillion on June 30 in 2020 to Rp12.580 trillion on June 30, 2011.
"The assets and profit grew above the average growth of the national banking industry which is between 20 and 30 percent. This shows that fundamentally Mutiara Bank is stronger and healthier and public confidence in it is high," he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
