Jakarta, CNBC Indonesia – PT Bank Digital BCA, a subsidiary of PT Bank Central Asia Tbk (BBCA) which is focused on being a digital bank, plans to go to the capital market through an initial public offering (IPO) mechanism on the Indonesia Stock Exchange (IDX).
However, the IPO plan, aka going public, will not be in the near future. BCA President Director, Jahja Setiaatmadja also confirmed the IPO plan.
If there are no obstacles, in 1-2 years BCA Digital Bank is expected to be able to take the floor in the capital market. However, Jahja has not provided further details regarding the target for the number of shares and the price to be released to the public.
“Yes, in the next 1-2 years,” said Jahja, to CNBC Indonesia, Thursday (1/7/2021).
As is known, BCA Digital Bank is scheduled to launch on July 2, 2021 through the blu application for Android users.
BCA Digital Bank is one of seven banks currently in the process of becoming a digital bank together with PT BRI Agroniaga Tbk, (AGRO), PT Bank Neo Commerce Tbk, (BBYB), PT Bank Capital Tbk (BACA). Then there are also PT Bank Harda Internasional Tbk (BBHI), PT Bank QNB Indonesia Tbk (BKSW) and PT Bank KEB Hana.
EVP BCA Secretariat and Corporate Communications Hera F Haryn said that later BCA Digital Bank would operate through the blu application.
“blu is a BCA Digital mobile banking application. BCA Digital’s official Instagram account is @blubybcadigital,” he said when confirmed.
BCA Digital Bank is the result of the transformation of PT Bank Royal Indonesia. BCA took over the shares of Bank Royal in November 2019. The value of the takeover was Rp. 988,046,957,182.
“Royal Bank is prepared to become BCA Digital, we hope that by the middle of this year at the latest it can operate independently,” said Jahja Setiaatmadja, in a virtual discussion of the VIP Digital Bank Forum, held by CNBC Indonesia last April.
Jahja explained, with the presence of a digital bank, services will be more integrated with a diverse range of customers. So far, BCA has existing customers so that with the existence of a digital bank, there are certain segments that can be focused on.
Not only that, BCA Digital Bank will be directed to be a fully digital bank or neo bank.
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