BANGUN ASKRIDA INSURANCE: Take Capital Rp 5, 5 Billion To Meet Rp200 Billion Paid-in Capital

BANGUN ASKRIDA INSURANCE: Take Capital Rp 5, 5 Billion To Meet Rp200 Billion Paid-in Capital -

JAKARTA: PT Insurance Bangun Askrida eyeing additional capital of around Rp 5, 5 billion until the end of the year to meet the target as a company with a paid up capital of Rp 200 billion.

Ai Sobaryadi, Director of Bangun Askrida, explaining the additional capital is a decision of the General Meeting of Shareholders (RUPS) that was held some time ago. In the meeting, the shareholders decided to increase the capital of around Rp 6 billion from Rp194 billion in position 2011.

"Honestly Rp200 billion paid up capital of the target has not been met until now. We are still waiting for an injection of capital from a number of pemeritah areas and regional development banks [BPD], "he said on Friday (10/12/2012).

He explained at the AGM are decided on the capital increase priority for shareholders who have a share below 1%. The shareholders are expected to deposit their capital Rp130 ​​million.

A total of four entities minority shareholders have to deposit additional capital with a total of Rp520 million. "After the RUPS new incoming Rp520 million additional capital, so we are looking forward to additional capital of around Rp 5, 5 billion more," he said.

Apart from the minority shareholders, the company also expects capital contribution in an amount greater than the provincial government. But he did not want to reveal the identity of the shareholder.

In search of business, the provincial government has expressed a commitment to increase the capital of West Sumatra is the value of Rp2, 5 billion.

As quoted by Antara, the West Sumatra provincial government plan has been approved by Regional Representatives Council. The Provincial Government capital of Padang was recorded has made equity Rp69, 45 billion in Askrida and has a 20.26% share.

Until the end of August 2012, total equity held by Askrida touched Rp329 billion. The level of risk-based capital, the company was established in 1989 to touch 380%.

In awa stood 23 years ago, all shares owned by the BPD Askrida. In its development, the Minister of the Interior issued a ruling that essentially expands Askrida ownership by involving the provincial government.

Until the end of 2011, there were 17.19% of the shares are owned by seven BPD. Furthermore, as many as 42.59% of the shares owned by the Foundation. Employee Welfare and Pension Funds BPD throughout Indonesia. As for the rest, which is 40.22% owned by a number of provincial government.

General insurance gross premiums reaching targets Rp1 trillion during 2012 through a number of flagship products such as fire insurance, motor insurance and cargo insurance. There was also a personal accident insurance products, insurance, remittances and bank guarantees.