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Foreign investors eyeing Bali Banks
August 20th, 2007

DENPASAR (Antara): American and Singaporean investors are eyeing two local banks which are in dire need of fresh fund to increase their capital to a minimum of Rp 80 billion (US$8.6 million) respectively, an official has said.

“Some Indonesian and foreign investors have expressed keen interest in buying Bank Sariparta and Bank Sinar which are required to increase their capital to Rp 80 billion each by the end of 2007,” Denpasar-chapter of Bank Indonesia (BI) medium-scale bank senior controller Achmad Fauji said Sunday.

Investors from Singapore and the United States had been exploring the possibility of buying Bank Sariparta, he said on the sidelines of a Denpasar-chapter Bank Indonesia meeting.

He, however, did not mention the names of investors that wanted to purchase Bank Sinar.

Previously, the head of BI office in Denpasar, I Ketut Sanjaya, said Bank Sinar was looking for an additional capital of Rp 55 billion and Bank Sriparta Rp 65 billion.

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