The Merger of Pundi Bank and MNC Bank Will Strengthen Domestic Network

Jakarta - The merger plan of PT Bank Pundi Indonesia with PT Bank MNC International Tbk is expected to strengthen the bank financial services business in the domestic area.

Darma Putra, President Director of PT MNC Kapital, said the company asset Rp.100 billionin Pundi Bank as reserve fund.

MNC Kapital is the controlling shareholder of MNC Bank with 39.88% share.

"If the agreement is final and signed by both parties, we will explain more detailed information,"  he said in the disclosure information.

Meanwhile, Chistiana Damanik, Corporate Secretary of Pundi Bank, acknowledged that the merger is still under discussion of both parties.

According to her, if both parties have agreed with the merger plan, it will be reported to the Financial Services Authority (FSA) in the near future.

Benny Purnomo, Director of MNC Bank plans  to postpone the expansion of its branches this year due to the merger plan with Pundi Bank. At the present time, MNC Bank has 80 branches and Pundi Bank has 207 branches.

Benny states that merger corporation with Pundi Bank is PT MNC Kapital’s plan as shareholder, so that he does not know about its investment value. MNC Kapital is the controlling shareholder of MNC Bank with 39.88% share.

Sumber : www.bisnis.com

Toyib Abdullah / Gaby Oksavira