Foreigners enter Bank NISP

JAKARTA (JP): The main shareholders of publicly listed Bank NISP, PT Suryasono Sentosa and PT Udayawira Utama, have sold some of their shares to foreign fund managers, Bank NISP announced yesterday.

The company stated the bank's two founders had sold 8,125 million shares to 14 fund managers from the United States, Hong Kong, Singapore and Europe.

The sale increased public ownership to 33 percent. The sale also increased the number of institutional investors by 40 percent.

The bank split its shares and distributed bonus shares recently to increase its liquidity. The stock split cut the nominal share price from Rp 1,000 (US$0.43) to Rp 500.

Bank NISP, which had Rp 1.1 trillion worth of assets in September, had a Rp 19.28 billion operational income for the first nine months of this year. (bnt)