Jul 15, 2010

Bank Capital confirms Rp2.69t deposit

PT Bank Capital Indonesia Tbk (BACA) today confirms that it managed third parties money of Rp2.6 trillion in the first quarter this year (Q1 2010)
"It is correct that we managed third parties fund of Rp2.69 trillion in Q1 2010," said Bank Capital Corporate Secretary Isbandiono Subadi in a public announcement to Indonesia Stock Exchange (IDX) today.
But, he said based on UU No.10/1998 about confidentiality Bank Capital can't provide clarification in relation to time deposites of PT Bakrie & Brothers Tbk (BNBR), PT Energi Mega Persada Tbk (ENRG), and PT Benakat Petroleum Energy Tbk (BIPI).
Seven publicly listed of Bakrie Group have put cash and time deposits worth Rp9.07 trillion in Bank Capital. The question is where is the remaining Rp6.38 trillion? Based on March 2010 financial reports, each company under Bakrie Group has reported cash and time deposits in Bank Capital.
Bank Capital is owned by Danny Nugroho (21.70%), Mount-8 HoldGS offshore Ltd (19.86%), Inigo Investment Ltd (15.44%), Zen Gem Investment Ltd (14.34%), TFI (X)-TRA Ordinary I (11.86%), and public holders (16.80%).

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: