UOB Buana Bank to issue Rp2 trillion bonds

Jakarta (ANTARA News) - Publicly-listed Bank UOB Buana Tbk plans to issue bonds worth Rp2 trillion to raise its core capital to Rp7.5 trillion in 2010.

"The plan for the bond issuance will be realized in 2009 but it still depends on market developments. Therefore, it is still subject to a review," the bank`s managing director, Safrullah Hadi Saleh, said here Friday.

Bank OUB Buana posted a net profit of Rp357.06 billion in the third quarter of 2007, up 10.52 percent from Rp326.07 billion in the same period last year.