REPUBLIKA.CO.ID, JAKARTA - Publicly listed lender, PT Bank Bukopin plans to hold a limited public offering of shares or rights issue to rise its capital. The company hopes to expand its business and enter category of Book 3 of Bank Indonesia (BI) and Basel III.

"The company will need at least two trillion IDR for capital to comply Basel III. Therefore, the company is planning a rights issue," President Director of Bukopin, Glen Glenardi said on Friday.

Basel III or the Third Basel Accord is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. Level of capital adequacy ratio (CAR) of Bukopin is expected to increase 17 to 18 percent through the issuance of new shares by 20 percent of total shares. CAR position of Bukopin currently is at 16.14 percent.

Bukopin plans a rights issue in the fourth quarter of this year. In the end of March 2013, credit of Bukopin increased 29.78 percent or from 36.6 trillion last year 47.5 trillion IDR.

Bukopin also distributed dividens worth 31.17 IDR per share with a total value of 249.15 billion IDR or 30 percent of net profit last year. 

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