Bank Muamalat Indonesia Tbk. has again failed to secure fresh funding after PT Minna Padi Investasma Sekuritas Tbk. (PADI) failed to acquire Indonesia's first Islamic bank by the deadline. Bank Muamalat is still seeking funding from investors to increase its capital.
The quality of liquidity of this Islamic bank, established in 1991, shows a decline, with its Minimum Capital Adequacy Ratio (KPMM) falling below 12%. Based on published financial reports as of September 2017, Bank Muamalat's KPMM decreased by 117 basis points (bps) to 11.58%, down from 12.75% in September of the previous year.
Meanwhile, the gross Non-Performing Financing (NPF) ratio in September 2017 increased to 4.54% from 4.43%. Similarly, the net NPF also rose to 3.07% from 1.92%.
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