SURABAYA: Bank Jatim plans to hold an initial public offering (IPO) in the second semester of 2011.Bank Jatim President Director Moelyanto stated the IPO will be held after the General Meeting of Shareholders (RUPS) scheduled to take place in March 2011.We plan to invite 364 People's Credit Banks [BPRs] to boost up our capital, he said after signing Jamkrida agreement and Government of East Java Province, today.By inviting all BPRs, he is optimistic to realize the IPO next year.He also informed that Apex BPR (authority) institution in East Java which has not worked at optimum will be assisted by extending soft loan at same interest level of Certification of Bank Indonesia (SBI), which is 6.5% plus 2% premium.The extra fund for Apex, he continued, will be used to nourish at least 102 BPRs that have not been able to maintain their liquidity. (T05/NOM)
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