Bank Rama finds new partner<\/p>\n
JAKARTA (JP): Publicly listed Bank Rama has received a strong
\ncommitment from Golden Harvest Developments Ltd. to form a
\nstrategic alliance with the bank.<\/p>\n
In a statement released on Friday, the bank said that Golden
\nHarvest is committed to taking part in its recapitalization
\nefforts. It did not specify the amount of funds the company would
\ninject into the bank.<\/p>\n
\"Golden is confident in Indonesia's future growth prospect and
\nbelieves that Bank Rama is in a good condition to take advantage
\nof such growth opportunities,\" the bank said.<\/p>\n
Bank Rama is geared to be a trade finance bank for small and
\nmedium sized businesses in the country.<\/p>\n
\"A strategy is in place to further strengthen and position
\nBank Rama as a trade finance bank, so that it may contribute to
\nfuture developments, particularly by catering to the needs of
\nsmall and middle sized businesses.\"<\/p>\n
Banks which have a capital adequacy ratio (CAR) of between
\nless than 4 percent and minus 25 percent are allowed to join the
\ngovernment-sponsored recapitalization program in order to raise
\ntheir CARs to the 4 percent minimum level.<\/p>\n
CAR is the ratio between capital and risk-weighted assets.<\/p>\n
Banks wishing to join the government bank recapitalization
\nprogram are obliged to provide at least 20 percent of the funding
\nrequirement, while up to 80 percent will be provided by the
\ngovernment.<\/p>\n
Banks which are eligible to join the recapitalization program
\nbut are unable to come up with the 20 percent funding will be
\nclosed down.<\/p>\n
Bank Rama, established in 1967, is jointly owned by PT Pendawa
\nIntipratama (19.57 percent stake), Joseph Gondobintoro (17.56
\npercent), PT Dwi Kresna (13.58 percent), PT Gondobintoro
\nMitragraha (13.33 percent) and the public (35.96 percent). (02)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-rama-finds-new-partner-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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