JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) recorded capital adequacy ratio (CAR) of over 40%.

“As we receive capital injection from IBK Korea of IDR 1 trillion, we have relatively prominent CAR,” said Lee Dae Sung, Director of AGRS, during Public Expose of AGRS yesterday (10/12).

As is known, the bank, formerly known as Bank Agris, was officially acquired by Industrial Bank of Korea (IBK) on September 5, 2019. As of now, it has recorded CAR of 41.33%.

“It suggests that we have solid capital. We are massive in liquidity, and we can assure that there will be no issue there,” said Lee further.

Total assets of Bank IBK Indonesia, Lee mentioned, from 2019 until Q3 2024, were recorded exponentially increasing by nearly 220%, from IDR 6.4 trillion to IDR 20.5 trillion.

Total loans also increased 13.9% year-on-year (yoy), from IDR 9.3 trillion in Q3 2023 to IDR 10.6 trillion in Q3 2024. Total third-party funds also reported the same trend, growing 4.7% yoy from IDR 9.3 trillion to IDR 9.8 trillion. (DK/MT/ZH)