Punjab National Bank Bank Is Going To Wrap in Indonesia

JAKARTA, KOMPAS.com - Rules of Bank Indonesia on banks a minimum capital of Rp 100 billion in 2010, putting the banks in Indonesia as a target of foreign investors. 's Known, in fulfilling the provisions of that, the owners of small banks tend to seek strategic investors to raise their capital adequacy ratio than a merger with another bank.

After the State Bank of India and Malaysian bank RHB Capital announced plans to acquire banks in Indonesia, now turn to the Punjab National Bank (PNB) follow the trail. Banks based in India was also declared his intention to buy bank in Indonesia.

Ranjan Dhawan, Chief General Manager, PNB, said the acquisition plans in Indonesia is part of the business expansion in the arena of world GNP. Currently, PNB is also targeting a bank in Canada and Norway.

PNB funds budgeted U.S. $ 20 million or approximately USD 190.9 billion for the purchase of one bank. "Most likely only happen in the next year," Dhawan said as quoted by the Indian Express Finance, the end of October. Dhawan did not mention the name of their bank will acquire at the beginning of 2010.
PNB last corporate action outside India is buying 63.64 percent stake of Bank funds, in Kazakhstan, last week. The value of transactions reached 25 million U.S. dollars.

As happened with the small banks in Indonesia, the Bank Fund at that time was looking for strategic investors to strengthen its capital. Understandably, as of October 1, 2009, the monetary authorities in Kazakhstan to apply minimum capital rules for banks 37 million U.S. dollars.

Director of Licensing and Banking Information Bank Indonesia (BI) Swastanto Joni did not dismiss the possibility of GNP into Indonesia. "But, GNP may still be within the framework of exploration. And, the bank came to exploring many," said Joni, Wednesday (04/11).

Joni explained, prospective investors who have done an assessment, could have thought better of it. "If the price does not match, they usually just go straight," he added.

If the period of exploration, both sides match, the new prospective buyer will put a proposal to the BI. Joni also ensure, so far PNB has not submitted a proposal to Bank Indonesia.

JAKARTA, KOMPAS.com - Rules of Bank Indonesia on banks a minimum capital of Rp 100 billion in 2010, putting the banks in Indonesia as a target of foreign investors. 's Known, in fulfilling the provisions of that, the owners of small banks tend to seek strategic investors to raise their capital adequacy ratio than a merger with another bank.

After the State Bank of India and Malaysian bank RHB Capital announced plans to acquire banks in Indonesia, now turn to the Punjab National Bank (PNB) follow the trail. Banks based in India was also declared his intention to buy bank in Indonesia.

Ranjan Dhawan, Chief General Manager, PNB, said the acquisition plans in Indonesia is part of the business expansion in the arena of world GNP. Currently, PNB is also targeting a bank in Canada and Norway.

PNB funds budgeted U.S. $ 20 million or approximately USD 190.9 billion for the purchase of one bank. "Most likely only happen in the next year," Dhawan said as quoted by the Indian Express Finance, the end of October. Dhawan did not mention the name of their bank will acquire at the beginning of 2010.
PNB last corporate action outside India is buying 63.64 percent stake of Bank funds, in Kazakhstan, last week. The value of transactions reached 25 million U.S. dollars.

As happened with the small banks in Indonesia, the Bank Fund at that time was looking for strategic investors to strengthen its capital. Understandably, as of October 1, 2009, the monetary authorities in Kazakhstan to apply minimum capital rules for banks 37 million U.S. dollars.

Director of Licensing and Banking Information Bank Indonesia (BI) Swastanto Joni did not dismiss the possibility of GNP into Indonesia. "But, GNP may still be within the framework of exploration. And, the bank came to exploring many," said Joni, Wednesday (04/11).

Joni explained, prospective investors who have done an assessment, could have thought better of it. "If the price does not match, they usually just go straight," he added.

If the period of exploration, both sides match, the new prospective buyer will put a proposal to the BI. Joni also ensure, so far PNB has not submitted a proposal to Bank Indonesia.