Sharia Business Unit Donates Bad Debt to BJB Bank Consolidation

By : Wiyanto Dan Aldo Bella Putra | Tuesday, November 21 2017 - 18:00 IWST

Bank BJB
Bank BJB

INDUSTRY.co.id - Jakarta - PT Pefindo still provides a stable rating outlook against Bank BJB, both Bank ratings and bonds. Although currently, a subsidiary, Sharia Business Unit (UUS) BJB stumbles issue on the quality of financing.

PEFINDO analyst Hendro Utomo said that the problem of poor quality of its UUS can affect the rankings.

"I would like to issue bond-related and subordinated issues, as we have pointed out that one of the factors that imply that we limit the high Non Performing Loan (NPL) rating, especially the productive segment and the one from BJB syariah, calculates the subsidiary's condition to the parent's rating," he said. Jakarta, Tuesday (21/11/2017).

He said the bank's own BJB NPL only 1.5%, but if consolidated with its UUS, NPL 2.9% translucent. Although the contribution of UUS's assets to BJB is only 6% to 6.5%.

"Our ratings include the condition of the rated subsidiaries We see that BJB is sufficiently burdened by the condition of bjb sharia, the NPL is not too good. If not calculated sharia, the NPL is only 1.5%, but bjb sharia is high, if the consolidated NPL bjb achieve 2,9%," he said.

Until now, Pefindo has assigned idAA- rating for the 1/2017 sustainable bond issuance worth Rp3.5 trillion and idA rating for the I / 2017 subdebt of Rp1.0 trillion. At the same time, the rating of idAA- for ratings of Bank BJB and bonds VII / 2011 and MTN / 2016 are still outstanding.

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.