Misbakhun Affirms The Fundamentals Of BUMN Banks Are Positive

Chairman of Commission XI DPR RI Muhamad Misbakhun visited the Indonesia Stock Exchange Building. (Photo: ANTARA)

JAKARTA - Commission XI of the Indonesian House of Representatives Misbakhun emphasized his visit to the Indonesia Stock Exchange (IDX) to rebuild market confidence and provide full support for the Financial Services Authority (OJK) and the IDX on all policies they will take regarding current conditions.

"We want to build trust in the market, that we provide full support to the Financial Services Authority, to the Indonesia Stock Exchange, to the policies they take regarding the current situation," he told the media crew, Tuesday, March 18.

According to him, this was done to give confidence to state market players to be supported by the government.

"What is this for? Convince the market that they are fully backed up by the state, fully backed up by the government," he said.

Misbakhun emphasized that Indonesia's current fiscal condition remains strong and related to the weakening of the JCI is a very natural situation.

However, Misbakhun is optimistic that the JCI movement will rebound, and invite market participants not to overreact to the collapse of the JCI.

In addition, he added, currently all the fundamentals of the Association of State Banks (Himbara) namely BRI, Bank Mandiri, BNI, BTN and BSI are in good condition.

"All the fundamentals of the Himbara bank, its current performance is the best. BRI provides a very large dividend. Everything is in very good performance.

Misbakhun said that currently state-owned banks will also hold a General Meeting of Shareholders (GMS) so that they will provide certainty regarding their performance.

"They want to provide certainty that their performance is nothing related to things outside of that performance," he said.