UPDATE 1-Indonesia govt aims to sell Bank Mutiara this yr
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JAKARTA, March 29 (Reuters) - Indonesia aims to sell state-owned Bank Mutiara this year, to raise the 6.7 trillion rupiah ($768.8 million) that the government spent to bail out the lender in 2008 during the financial crisis, the state deposit agency said on Tuesday.
The agency's corporate secretary Iman Pinuji told Reuters the government had got interest from local and international investors for the lender.
"Some investors have asked information about Bank Mutiara," said Pinuji, adding if the sale did not go through this year, there would be an extension of up to two years based on existing regulations.
The central bank told Reuters last month that three local banks were the target of foreign buyers this year, as investors eye loan growth rates of around 20 percent in Southeast Asia's largest economy.
The sale would require parliamentary approval as the bank -- previously named Bank Century -- was closely monitored by lawmakers following the 2008 bailout. The bailout led to political presssure on then-finance minister Sri Mulyani Indrawati, who resigned the government last year.
Pinuji said the agency had shortlisted three state-owned securities firms -- Bahana Securities, Danareka Securities and Mandiri Sekuritas -- to advise on the sale.
Mutiara's total assets were 9 trillion rupiah as of September last year, a 20 percent increase from December 2009, according to the bank's website. ($1 = 8,714.5 rupiah) (Reporting by Rieka Rahadiana; Writing by Aditya Suharmoko; Editing by Neil Chatterjee)
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