{
    "success": true,
    "data": {
        "id": 1351474,
        "msgid": "mandiris-asset-revaluation-approved-1447893297",
        "date": "2003-10-31 00:00:00",
        "title": "Mandiri's asset revaluation approved",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Mandiri's asset revaluation approved Sari P. Setiogi, The Jakarta Post, Jakarta Bank Mandiri said that its shareholders had approved a proposal to revalue the publicly listed bank's assets in a move to eliminate retained losses with paid in capital. The approval for the asset revaluation, based on the bank's consolidated financial statement of April 30, 2003, was given at an extraordinary shareholders meeting on Thursday.",
        "content": "<p>Mandiri's asset revaluation approved<\/p>\n<p>Sari P. Setiogi, The Jakarta Post, Jakarta<\/p>\n<p>Bank Mandiri said that its shareholders had approved a<br>\nproposal to revalue the publicly listed bank's assets in a move<br>\nto eliminate retained losses with paid in capital.<\/p>\n<p>The approval for the asset revaluation, based on the bank's<br>\nconsolidated financial statement of April 30, 2003, was given at<br>\nan extraordinary shareholders meeting on Thursday.<\/p>\n<p>\"The completion of the quasi-reorganization (asset<br>\nrevaluation) will enable the bank to pay dividends to<br>\nshareholders in line with the board of directors' stated<br>\nintention of maintaining a 50 percent dividend payout for 2003,\"<br>\nsaid Mandiri president E.C.W. Neloe.<\/p>\n<p>The state-owned bank plans to declare an interim dividend when<br>\nit announces third quarter results next month.<\/p>\n<p>Neloe added that the asset revaluation would have no effect on<br>\nshareholder equity which stood at Rp 17.3 trillion (US$1.9<br>\nbillion) as of April 30, 2003.<\/p>\n<p>He did not provide details.<\/p>\n<p>Mandiri is the country's largest bank in terms of assets,<br>\nloans and deposits. The bank reported a profit after taxes of Rp<br>\n2.24 trillion for the first six months of this year, a 26 percent<br>\nincrease from the same period last year.<\/p>\n<p>Neloe said that he was optimistic that after-tax profit could<br>\nreach Rp 4 trillion by the end of the year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mandiris-asset-revaluation-approved-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}