Stock Purchase in PT Bank Tabungan Pensiunan Nasional Tbk(1/1)
Sumitomo Mitsui Banking Corporation
Stock Purchase in PT Bank Tabungan
Pensiunan Nasional Tbk
TOKYO,
May 8, 2013 --- Sumitomo Mitsui Banking Corporation (“SMBC”,
President: Takeshi Kunibe) has announced today that it is investing in common
stock in PT Bank Tabungan Pensiunan Nasional Tbk (“BTPN”, President: Jerry Ng),
a commercial bank in
SMBC
is currently accumulating 24.26% of the outstanding common stock of BTPN,
16.87% out of which will be from TPG Nusantara S.à.r.l.(“TPGN”). Further, SMBC
intends to acquire an additional 15.74% from TPGN to become a significant
minority owner of up to 40% in the bank, subject to the approval by relevant
regulatory authorities including Bank
BTPN
has a unique business model and offers a wide range of financial services
focusing on mass market. SMBC
intends to cooperate with BTPN and diversify its business in Asian markets and
especially in
1.
Summary of acquisition
|
(1)
Number of shares |
:
1,416,846,455 shares (24.26% voting rights) |
|
(2)
Average Purchase price per share |
:
6,500 |
|
(3)
Timing of acquisition |
:
May 8, 2013 through May 10, 2013 |
2.
Profile of BTPN
|
Established
|
: 1958 |
|
Location
of head office |
: |
|
Networks |
: 1,140 * |
|
Total
assets |
: 59,090 billion Indonesia Rupiah * |
|
Capital
Adequacy Ratio |
: 21.5 % * |
|
Listing |
: Indonesian Stock Exchange (IDX ticker:
BTPN) |
|
National
Long-term Rating |
: AA- (Fitch) |
(*：as
of December 31, 2012)
Financial
results of BTPN for the recent three fiscal years （Unit：Rp.
billion）
|
|
PT Bank
Tabungan Pensiunan Nasional Tbk |
||
|
Fiscal
year |
Dec. 2010 |
Dec. 2011 |
Dec. 2012 |
|
Net asset |
4,217 |
5,617 |
7,734 |
|
Gross
asset |
34,523 |
46,651 |
59,090 |
|
Operating
income |
3,674 |
4,827 |
6,354 |
|
Net income |
838 |
1,400 |
1,977 |
EOD
