Tuesday, April 15, 2014

The bank Troubled Debt Restructuring Rp 135 Billion

The management of PT Bank Mutiara Tbk states successfully restructured a number of non-performing loans of Bank Century old heritage management , with a total of Rp 135.8 billion .

Rohan Hafas , Corporate Secretary of Bank Mutiara explains , the success of the process of restructuring a bank's non-performing loans acquired through various efforts , such as partial repayments of debt , asset sales of foreclosed ( repossessed assets ) , as well as the debtor's billing delete books .

The value of debt payments the debtor made ​​the company reached Rp 131.5 billion or 12.9 percent of total non-performing loans of Rp 1,015 trillion, which weighed on the company until the end of last year .

Some debtors relics of the former Century Bank Selalang including PT Prima International , PT Polymer Spectrum Sentosa , PT Trio rhythm , PT Akasia Prima and PT Cahaya Adiputra Sentosa , with a total payment of Rp 110.7 billion . The remaining Rp 20.8 billion came from retail borrowers .

" Other receipts derived from the sale of repossessed assets of Rp 2.2 billion and proceeds from the debtor remove a book collection of Rp 2.1 billion . Total revenue from non-performing loans until the completion of the first quarter of 2014 amounted to Rp 135.8 billion , " said Rohan Hafas in official statement on Tuesday night ( 16/04/2014 ) .

Of the restructuring, the company managed to earn profits in the first quarter 2014 amounted to Rp 12.1 billion .

" Nevertheless , there are a number of other debtors of Bank Century relic that has not been acting in good faith to pay its obligations . A number of these companies include Tranka Cables , Chess Manungal work , Ideological Center , Millienium Anugerah Sakti , and Enerindo Resources .

PT Tranka Cable is currently facing bankruptcy proceedings in which the bank's creditors have become " separatists " ( lender who holds the rights to the material guarantees for receivables ) that are expected to be eligible after the legal process is completed with optimal loan repayment rate .

" The successful completion of the debt restructuring in a number of troubled borrowers this is a testament to the commitment and seriousness in improving the management and performance of the bank's health , to support the divestment program is being conducted shareholders namely the Deposit Insurance Agency ( LPS ) , " continued Rohan Hafas .
(see also: kenari yorkshire )

With the payment of this obligation , the healthier the bank's condition . Reflected in the ratio of non-performing loans or non- performing loan ( NPL ) in the first quarter of 2014 by 3.6 percent . Similarly, the capital adequacy ratio ( CAR) of 14.06 per cent , in accordance with the provisions of the Indonesian banking industry regulators .


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