Artha Graha Bank to Release Rp 300 billion Right Issue Increasing its Rank

Artha Graha Bank is reported to release the right issue expected Rp 300 billion soon. This is taken in order to increase its class to category of commercial bank business group III. Andy Kasih the president director of artha graha bank narrated that the company has Rp 1.3 trillion authorized capital while the core capital reaches Rp 3.8 trillion. Though right issue release the company foresees to gain around Rp 300 billion.

The general meeting of shareholders of the bank last june 2016 approved the plan to release around Rp 5 billion obligations at the rate of Rp 110.88 per share.  Meanwhile the secretary of artha graha bank explained that a limited offering plan v is taken through the right issue. If the target is reached, the company will estimatedly rake Rp 554.4 billion from right issue. This will help much to strengthen the company's capital to increase its rank. 

Aside of capital requirement, the prerequisite to increase the bank category is determined by organic and non organic sector, organic which is from profit and non organic is from right issue. 

For your information, the current shareholders of Bank Artha Graha consists of PT Arthamulia Sentosajaya (6.31 percent), PT Cerana Arthaputra (10.10 percent), PT Karya Nusantara Permai (5.44 percent), PT Pirus Platinum Murni (6, 31 percent), PT Puspita Bisnispuri (6.31 percent) and PT Sumber Graha Kencana (16.70 percent). While the remaining 48.83 percent owned by public.