Bank Muamalat failed to secure new investors after shareholders rejected a capital injection from PT Minna Padi Investama Sekuritas Tbk (PADI). To increase its capital, Bank Muamalat is now collaborating with Samuel Sekuritas to find new investors.
As of June 2017, the company's financial report shows that its Minimum Capital Adequacy Ratio (MCAR) remains above the Financial Services Authority (OJK) requirement of 12 percent. Bank Muamalat's MCAR increased to 12.94 percent in June, compared to 12.74 percent in June 2016.
Similarly, the ratio of Allowance for Credit Losses (ACL) on financial assets to productive assets decreased to 2.67 percent in June 2017 from 4.22 percent in June 2016. The non-performing financing (NPF) ratio also decreased to 4.95 percent from 7.23 percent. However, this NPF ratio remains relatively high, exceeding the OJK's requirement of 3 percent.
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