BANKING
Running Against Time

BNI and Mandiri are to offer new shares on the capital market for fresh funding.

October 13, 2010

ON Thursday two weeks ago, Chief Executive Zulkifli Zaini, Finance Director Pahala Mansury, and other board members of Bank Mandiri hurried to the office of State-Owned Enterprises (SOEs) Minister Mustafa Abubakar on the heels of Bank Mandiri management who had arrived there earlier.

Mustafa called the managements of the two banks to a meeting on a planned increase of their capitalization through a rights issue, Mandiri to offer 2.36 billion new

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