trending Market Intelligence /marketintelligence/en/news-insights/trending/5m6ujeuujqq3mq6o8_bi_a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Bank Rakyat Indonesia raises 2017 planned capex to boost IT system

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Bank Rakyat Indonesia raises 2017 planned capex to boost IT system

PT Bank Rakyat Indonesia (Persero) Tbk is raising its 2017 capital expenditure to 5 trillion rupiah to boost its information technology systems, the Jakarta Globe reported Dec. 18, citing the bank's finance director, Haru Koesmahargyo.

Part — 2.4 trillion rupiah — will be allocated to upgrading the bank's IT system. The remainder of the budget will go to the expansion of the bank's branch office network and operations.

The bank's total planned capital expenditure is up 11% from 4.5 trillion rupiah in 2016, Koesmahargyo added.

The lender also allotted 4 trillion rupiah for acquisitions and capital injections into its subsidiaries.

Bank Rakyat Indonesia is looking to acquire a brokerage for 2 trillion rupiah as part of its goal to add a small lender, an insurance company and a brokerage to its business scope.

As of Dec. 19, US$1 was equivalent to 13,388 Indonesian rupiah.