JAKARTA. The startups booming, as well as the slow credit allocations have driven some major banks to expand to startup financing business through capital venture. Recently, Bank Central Asia (BCA) established a venture company, namely PT Central Capital Venture (CCV) with a total paid capital as much as Rp 200 billion. Previously, at the early 2016, Bank Mandiri has established a venture company, namely Mandiri Capital Indonesia (MCI). President Director of BCA Jahja Setiaatmadja said that BCA will closely supervise the venture capital business of the bank. “The additional capital if possible if (the business) is positive,” Jahja said.
Major banks expand to venture capital business
JAKARTA. The startups booming, as well as the slow credit allocations have driven some major banks to expand to startup financing business through capital venture. Recently, Bank Central Asia (BCA) established a venture company, namely PT Central Capital Venture (CCV) with a total paid capital as much as Rp 200 billion. Previously, at the early 2016, Bank Mandiri has established a venture company, namely Mandiri Capital Indonesia (MCI). President Director of BCA Jahja Setiaatmadja said that BCA will closely supervise the venture capital business of the bank. “The additional capital if possible if (the business) is positive,” Jahja said.