Monday, 02 February, 2009 | 16:45 WIB
TEMPO Interactive, Jakarta: Foreign investors are returning to the Indonesian banking industry following the Indonesian central bank, Bank Indonesia (BI), having officially allowed Barclays Bank PLC, a finance and investment company from the UK, to acquire local bank PT Bank Akita.
According to BI's Director of Banking Permission and Information, Joni Swastanto, the permission for Barclays was issued in mid January.
“We have already given it to Barclays,” Joni told Tempo in Jakarta, on Monday (2/2).
Barclays bought 457,875,000 shares or the equivalent of 99 percent of the total shares of Akita Bank.
They both have signed acquisition certificate No.138 on January 30.
Before Barclays came, the composition of stock owners at Atika consisted of Daniel Gunawan, Basuki Kumala, and PT Orix Indonesia Finance.
After the entry of Barclays, the shareholders are only Barclays Capital PLC (99 percent) and Daniel Gunawan (one percent).
Earlier, Barclays and Akita signed a conditional sale and purchase agreement (CSPA) on August 29, 2008.
Barclays intends to build a commercial and retail bank in Indonesia as it considers Indonesia to be an attractive market.
The investment company sees strong growth in Indonesia with a potential market in loan programs.
Barclays is well-known in Indonesia because this second largest bank in the UK promoted the English Premier Football League, shown on TV in Indonesia.
EKO NOPIANSYAH
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