Lambert ups Mashill stake

Lambert ups Mashill stake

JAKARTA (JP): Belgium's Bank Brussels Lambert SA has bought
another 3.20 million shares of publicly listed Bank Mashill Utama
to increase its stake in the Indonesian bank.

Bank Mashill's president A.T Windoe said yesterday that with
the new purchase, the Belgium bank raised its Mashill shares
to 40.19 million shares or 10.8 percent of total shares.

He said the Belgium bank bought 18.49 million of Bank Mashill
shares as part of a strategic alliance with the Indonesian bank.

Bank Mashill, which was founded in 1989 by the Karta Wijaya
family, booked Rp 1.67 trillion assets by the end of June. Its
net profit for this year's first half jumped by 57.28 percent to
Rp 16.09 billion, from Rp 10.23 billion in the same period last
year. (08)