Rename Recapital be a Bank Executive

Bank Executives International rescue efforts started to see a bright spot. As a new investor, Recapital Advisors has placed the funds of around Rp 180 billion. Understandably, since the entry of intensive supervision by Bank Indonesia (BI) February yesterday, a lot of customers who pulled their funds. P Roslan Roeslani, Chairman Recapital Advisors said the placement of these funds is evidence of the seriousness of the former banks Recapital to reorganize Lunardi Widjaja's family owned.

The plan, Recapital will go into Executive Bank through accelerated rights issue. To finance this acquisition, Rosan said, the institute has set aside Rp 500 billion. With a cash injection of capital adequacy of Bank Executives were above 12 percent. In the next year, will return Recapital inject fresh funds. "Only in his third year capital improvement taken from bank profits," he says (7/4/2010).

To speed up the restructuring process, three weeks ago Recapital have replaced the board of directors of Bank Eksekutifi. With that change, Rosan believes revamping the financial problems will be solved later in July. In addition to bad debt problems, the previous Executive Bank also experienced a shortage of liquidity. However with the inclusion of deposits from the bank's liquidity had Recapital back thin.

According Rosan, when financial problems complete overhaul, Recapital will immediately change the logo and name of the bank. Unfortunately he is still hiding the new name and logo. What is clear, with a new flag, the business of this bank will be changed completely. The plan, these tires will stop financing the corporate sector and more focus on retail financing.

Rosan optimistic about the acquisition of Bank Executive will give a profit. Therefore, these investment companies have successfully raised the National Pension Savings Bank (BTPN) and sell at high prices. He said that, when controlled Recapital BTPN assets increased from USD 4.5 trillion to Rp 12.5 trillion in a short time. "Based on our commitment to the BI in Bank Executive shall be at least 5 years," he said.

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