Hoesen, Director at Indonesia Stock Exchange said that PT Bank Nationalnobu (Bank Nobu) is planning to launch an initial public offering (IPO) in the first half of 2013. The IPO is expected to raise up to IDR 500 billion from the sale of 40% stake in the enlarged capital. Hoesen said, "Bank Nobu has talked of releasing more than 40% of shares to the public through the IPO.

They seek to raise funds for their expansion."