Bank Nobu, Owned By Conglomerate Mochtar Riady, Earns Rp45.97 Billion Profit In The Third Quarter Of 2021, Want To Rights Issue Targets Rp198 Billion In Funds

JAKARTA - PT Bank Nationalnobu Tbk (NOBU) will exercise its pre-emptive rights (HMETD) or I. The bank belonging to the conglomerate Mochtar Riady will issue a maximum of 164 million new shares with a nominal value of Rp100 per share with an exercise price of Rp1,205.

The value offered represents 3.57 percent of the fully paid-up issued capital after the LPO, so the value of the PUT is a maximum of Rp198 billion.

Shareholders who are entitled to the rights issue of Bank Nobu are shareholders whose names are registered in the company's DPS on November 11, 2021, at 16.00 western Indonesia time.

Meanwhile, based on the financial statements of Bank Nobu in the third quarter of 2021, quoted on Thursday, November 111, the company posted a net profit for the year of Rp45.97 billion in the third quarter of 2021. NOBU's profit fell 7 percent year-on-year (yoy) from the profit for the period the same as last year, which was valued at Rp49.48 billion.

The decline in profit was supported by an increase in interest income by 20 percent yoy or Rp702.2 billion. Meanwhile, interest expense rose to 19 percent yoy to Rp317.18 billion in the third quarter of this year.

As a result, net interest income rose 21 percent yoy to Rp385.0 billion. In addition, Bank Nationalnobu noted that loans extended by 23 percent year-to-date (ytd) in the third quarter of this year.

Loans disbursed amounted to Rp7.42 trillion as of December 31, 2020, to Rp9.12 trillion as of September 30, 2021. Likewise, third-party funds (DPK) grew by 33 percent ytd to Rp12.92 trillion.

This growth came from low-cost funds in the form of demand deposits and savings (CASA) which grew by 24 percent ytd, from Rp4.53 trillion to Rp5.62 trillion. From there, Nationalnobu Bank's total assets rose by 19 percent ytd.

NOBU's total assets as of December 31, 2020, amounted to Rp13.73 trillion, increasing to Rp16.35 trillion as of September 30, 2021. Bank Nationalnobu also reduced the ratio of non-performing loans (NPL) to 0.59 percent gross and 0.44 percent. percent net on 30 September 2021.

For NIM and BOPO, NOBU recorded a ratio of 3.59 percent and 92.20 percent, respectively. Meanwhile, the return on assets (ROA) ratio fell to 0.52 percent compared to the same position the previous year, which was 0.69 percent.

Meanwhile, the ROE ratio of Bank Nationalnobu reached 4.35 percent, down from the same period last year, which was 4.90 percent.