LONDON: Indonesian banking industry gets into consideration of foreign investors, mainly from UK and Europe. Two major banks included in the targets of the investors are PT Bank Negara Indonesia Tbk and PT Bank Rakyat Indonesia Tbk.After conducting one-to-one meeting with some hedge funds, PT Bank Negara Indonesia Tbk (BNI) could feel that Indonesian banking industry is regarded as prospective, said Vice President Felia Salim.Our bottom up is considered as good an almost all indicators look positive and they are interested, Felia said yesterday.BNI and BRI are two banks joining in nine representatives of Indonesia Stock Exchange and Daiwa Securities road show on July 11-15 visiting London, New York and San Francisco.Some hedge funds, as Felia added, are also interested in the handling of inflation in Indonesia, which is thought to influence interest rate. They believe that inflation is controllable and interest rate will provided benefits to banks, she said.PT Bank Rakyat Indonesia Tbk (BRI) also gets attention from more than 15 hedge funds having positive thought on micro, small and medium businesses, said Finance Director Achmad Baiquni.The bank, as he added, has benefits with profit margin above 10%. There are many interested investors.Suku bungaBaiquni added that interest rate would flatten in near future. He appreciated Bank Indonesia policy that maintains the interest rate at 6.75%.I predict that BI Rate will decline at end of the year. Our economy is pretty good. In addition, end of year and Moslem holidays will influence inflation, but interest rate may decline, he said.BRI and BNI are state-controlled banks with second and fourth largest assets in Indonesia. More than 40% of their shares belong to public.Moreover, BNI is the bank with appropriate liquidity after successfully made a rights issue last year and generated IDR10 trillion. (t04/msw)

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