Salim Group Pockets Shares of These 3 Banks, What Are?

JAKARTA, KOMPAS.com – Effort Salim Group have back bank in the country is increasingly aggressive. This conglomerate once had PT Bank Central Asia Tbk (BCA), but had to be willing to sell it due to the 1997-1998 economic crisis.

Now, the Salim Group is trying to build an empire in the financial sector by continuing to collect shares of Bank Mega (MEGA) through its subsidiaries. According to the publication of the Indonesian Central Securities Depository (KSEI), Indolife Pensiontama, the life insurance company of the Salim Group, holds 568.63 million shares equivalent to 8.17%.

Then Megah Eraraharja, the controlling company of Indoritel Makmur Internasional (DNET) holds 539.86 million shares or 7.75 percent. There is also Indofood Sukses Makmur (INDF) which holds 503.64 million shares equivalent to 7.23 percent. Meanwhile, Indofood CBP Sukses Makmur (ICBP) holds 355.59 million shares or 5.11 percent.

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Previously, the presence of the Salim Group at Bank Mega was only through Indolife Pensiontama with a 5.7 percent share ownership.

In addition, the Salim Group also narrows 1.33 billion shares of Bank Ina Perdana (BINA) or equivalent to 22.47 percent.

The President Director and Chief Executive Officer of PT Indofood CBP Sukses Makmur Tbk (ICBP) Anthony Salim also owns 5.51 billion shares or the equivalent of 9 percent in Elang Mahkota Teknologi (EMTK). EMTK through Elang Media Visitama has a dominant stake in Bank Fama Internasional. Indirectly, the Salim Group has a stake in Bank Fama through Anthony Salim.

The economist who is also a finance and capital market expert from the University of Indonesia, Budi Frensidy, believes that the stronger presence of the Salim Group will provide positive sentiment for both shares and the performance of Bank Mega.

“It will be good because the Salim Group is a large group with strong funding and network as well as having experience in the banking business to date. Previously, he also had the opportunity to raise BCA,” said Budi as reported by Kontan.co.id, Sunday (27/3/2022).

Senior Faculty of the Indonesian Banking Development Institute (LPPI) Amin Nurdin assessed that the Salim Group’s move to enter the ranks of several small to large banks as a step to form a banking ecosystem. Moreover, the Financial Services Authority (OJK) is pushing for the formation of a bank business group (KUB) to strengthen the Indonesian banking industry.

“Bank Ina and Bank Fama are indeed small banks, so inevitably they have to cooperate with bigger banks with the same business and equity owners. Later, an ecosystem will be formed, I don’t know which bank will be made a subsidiary and converted into a digital bank,” said Amin.

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