Jakarta, CNBC Indonesia – The majority of 18 mini-bank shares, aka BUKU II banks (banks with core capital of Rp 2 trillion-Rp 5 trillion) closed in the green zone in today’s trading Wednesday (4/8/21), continuing the increase in yesterday’s trading, Tuesday (3/8). /21), after Monday (2/8/21) tends to weaken.
The following is the performance of mini bank shares in today’s trading, referring to IDX data.
It was recorded that the majority of mini bank shares were successfully closed in the green zone, even 7 of them managed to fly double digit.
Trade data noted that PT Artha Graha Internasional Tbk (INPC) became a mini banking stock with the fastest appreciation, rising 33.69% to the level of Rp 250/unit. While the second position was filled by PT Bank IBK Indonesia Tbk (AGRS) which managed to increase 25% to the level of Rp 350/unit.
Meanwhile, in the third position, PT Bank Neo Commerce Tbk (BBYB) shares rose 24.74% to a price level of Rp 1,210/unit.
The strengthening of BBYB’s shares since last week occurred amid news that financial technology (fintech) company PT Akulaku Silvrr Indonesia alias Akulaku officially became the controlling shareholder of BBYB.
Previously, Akulaku officially became the controlling shareholder of BBYB, after receiving the blessing of the Financial Services Authority (OJK). This was revealed in the plan to take over Bank Neo Commerce by Akulaku which was published on Wednesday (28/7) on the BBYB official website.
The announcement of the summary of the proposed takeover relates to Akulaku’s ownership of 1,664,157,909 shares of BBYB or approximately 24.98% of BBYB as a result of the implementation of the Limited Public Offering III (PUT III) or rights issue.
Akulaku first entered BBYB in early 2019 by acquiring 8.9% shares of PT Bank Yudha Bhakti Tbk (formerly Bank Neo Commerce) from PT Gozco Capital at a price of Rp 338 per share with a total value of Rp 158 billion.
Furthermore, PT Bank Bisnis Internasional Tbk (BBSI) became a small banking stock with the fourth highest appreciation with a 20% increase to Rp 6,600/share. This sudden price spike made BBSI shares soar 53% in a week and up 110% in a month.
Latest news, supported banks peer to peer lending Kredivo will issue new shares with a rights issue scheme for the second time (Limited Public Offering/PUT II).
In the disclosure of information on the IDX, BBSI’s management represented by BBSI President Director Laniwati Tjandra said the company plans to conduct a PUT II with a maximum number of 434,782,609 shares with a nominal value of Rp 100/share. This amount is equivalent to 14.37% of the company’s paid-up capital.
The proceeds from this rights issue will entirely be used by the company to strengthen the capital structure to meet the OJK core capital requirements and as additional working capital in the context of providing loans to customers which will be realized in stages.
Kredivo or FinAccel Teknologi Indonesia currently has a share ownership of 24% until May 21, 2021. FinAccel is reportedly ready to take the floor on the Nasdaq exchange through a merger scheme with a cangkak company aka SPAC.
The main positive sentiment that has contributed to the increase in mini-banks since a few years ago is related to the plan to release the Financial Services Authority Regulation (POJK) regarding digital banks in the middle of this year.
The latest news, the Financial Services Authority (OJK) stated that developments regarding the new OJK Regulation regarding Commercial Banks are still in harmonization with the Ministry of Law and Human Rights.
“Still harmonization with the Ministry of Law and Human Rights,” said Sekar Putih Djarot, Spokesperson for OJK, to CNBC Indonesia, Monday (19/7).
The POJK, one of which will regulate the establishment of new banks, including banks that will operate fully digitally. The existence of this regulation is to accommodate the development of the banking industry which is currently starting to switch to a digital system.
Previously, investors speculated that the shares of the mini-banks above would be seized by strategic investors and transformed into digital banks.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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