trending Market Intelligence /marketintelligence/en/news-insights/trending/5m6ujeuujqq3mq6o8_bi_a2 content
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 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


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.