Analisis portofolio kredit dan asset to bond swap untuk mencapai cost effiency ratio pt. bank rakyat indonesia (persero)

Utomo, Edy (2002) Analisis portofolio kredit dan asset to bond swap untuk mencapai cost effiency ratio pt. bank rakyat indonesia (persero). Masters thesis, Institut Pertanian Bogor.

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Official URL: http://elibrary.mb.ipb.ac.id

Abstract

The Application of CAPMs Software in Developing Earning Assets Portfolio to Increase the Cost Efficiency Ratio and to Calculate the Optimum Return( A Case Study at PT. BRI (Persero) ) (Edy Utomo, under the supervision of Hamdani M. Syah and Harianto) After receiving 77,5% of the total amount of recapitalization equity in the form of 2.00%- 12.250% fixed rate bonds from the government of Indonesia, PT. Bank Rakyat Indonesia (Persero) has been suffering from negative spread. While the interest rate paid, overhead cost and non-performing loans were still high, BRI has not been able to offer additional loans to increase the interest income, since the main source of interest income is the governments fixed rate bonds. At the same time, BRI invested in new information technology hardware and software amounting to 100 million US dollars in an effort to achieve a certain Cost Efficiency Ratio and to increase the interest income margin. Fortunately, the governments new policy is allowing BRI to sell part of the bonds held by BRI. This would allow the management of BRI to find an effective portfolio scenario for its earning assets. This study is attempting to assess BRIs earning assets and to develop a portfolio enabling the bank to achieve the target cost efficiency ratio and increase its interest income. Using CAPM-software owned by BRI, this study calculates BRIs risk and returns for the last 10 years. Combined with the projected fund received from the divestment of part of the bonds to add to the earning assets, this study calculates the expected return and the standard deviation as a representation of the banks return and risks. This study found that the divestment of 30% or 6,354 billions rupiahs of the bonds held by the bank to be invested in middle, retail, and micro loan segments with the allocation of 0.985%, 39.785%, and 59.229% respectively enabling the bank to reach the Cost Efficiency Ratio of 65.27%. This figure represents an increase of 11.02% from its current operating figure sand is close to the best practice figures of 65% as a benchmark of commercial bank operation.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Analisis Portofolio, PT. BRI (Persero), Optimasi Portofolio Pinjaman, Manajemen Keuangan, Capital Asset Pricing Model (CAPM), Studi Kasus, Obligasi Rekapitalisasi, Cost Efficiency Ratio.
Subjects: Manajemen Keuangan
Depositing User: Library
Date Deposited: 18 Aug 2011 08:33
Last Modified: 18 Aug 2011 08:33
URI: http://repository.sb.ipb.ac.id/id/eprint/201

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