Jakarta, CNBC Indonesia – PT Bank IBK Indonesia Tbk (AGRS) is committed to meeting the minimum core capital requirement of IDR 3 trillion in accordance with the provisions of the Financial Services Authority (OJK) this year.
This was conveyed by Bank IBK Indonesia in its response to a number of questions from the stock exchange in the disclosure of information in Indonesia website Indonesia Stock Exchange (IDX), Wednesday (12/1/2022).
Just so you know, OJK requires banks to have core capital of at least IDR 2 trillion in 2021 and increasing to IDR 3 trillion as of December 2022.
This corresponds to deadline stipulated in OJK Regulation (POJK) Number 12/POJK.03/2020 concerning Commercial Bank Consolidation.
“In accordance with the provisions of POJK 12/20 regarding the minimum core capital requirement of IDR 3 trillion, the company is included in the criteria that are required to meet these provisions,” explained the management of Bank IBK Indonesia, quoted by CNBC Indonesia, Wednesday (12/1).
Bank IBK Indonesia also confirmed the IDX’s question about whether the company had met the minimum core capital requirement of Rp 2 trillion last year.
According to the AGRS explanation, in accordance with the Bank’s 2021 Business Plan (RBB), the company had made additional capital at the end of last year to meet a core capital of Rp 2 trillion.
The controlling shareholder (PSP), Industrial Bank of Korea, has added capital to AGRS at the end of 2021. “So that until December 31, 2021, the Bank’s core capital is IDR 2.9 trillion,” explained AGRS.
The details, referring to the AGRS explanation, paid-up capital as of the end of 2021 reached Rp. 1.8 trillion, other capital of Rp. 0.1 trillion, and an increase in capital participation of Rp. 1.0 trillion.
Meanwhile, in order to fulfill the minimum core capital requirement of IDR 3 trillion, in accordance with the company’s RBB in 2022, the Industrial Bank of Korea will again increase its capital deposit at the end of 2022.
In detail, the paid-up capital of AGRS as of the fourth quarter of 2022 is projected to be Rp. 2.8 trillion, other capital to be Rp. 0.2 trillion, and an additional paid-in capital of Rp. 1 trillion. Later, the total core capital of AGRS will reach Rp 4.0 trillion in the fourth quarter of this year.
In relation to the corporate action that will be carried out regarding the fulfillment of minimum core capital this year, Bank IBK Indonesia stated that it would continue to comply with Provision V of Stock Exchange Regulation No. IA related to the share of public share ownership (free float).
The trick, AGRS will provide a 7.5% portion to the public in each limited public offering and seek standby buyers.
In addition, AGRS also stated that until now there is no plan to change the shareholder structure. ultimate beneficial owner and/or operators.
Later, in line with the fulfillment of the core capital obligations, the company’s capital will be stronger and in turn can provide credit more freely because Maximum Credit Limit (BMPK) higher.
“[Sehingga] is expected to boost growth and increase profit company,” said AGRS management.
CNBC INDONESIA RESEARCH TEAM
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