JAKARTA (TheInsiderStories) - Shareholders of PT Bank Permata Tbk (IDX: BNLI), also known PermataBank, approved the limited public offering plans of the private lender, said the management today. As planned, the company plans to releases 88 billion new shares to absorb the new shareholders capital injection.
The shareholders also agreed to appointed Chalit Tayjasanant, who is currently a member of the board of commissioners of PermataBank, as the new president director to replace Ridha Wirakusumah. His presence will be effective as soon as possible after get approval from Financial Service Authority. For temporarily, Abdy Dharma Salimin, who currently serves as director acted as the managing director of the bank.
The parent, Bangkok Bank Plc, committed to made a capital injection of Rp10.8 trillion (US$744.83 million) by releasing part of its stake, after completed the tender offer of the new units shares from the market. In 2020, the Thai bank has acquired 89.12 percent of the local lender shares from British’ Standard Chartered Bank Plc and PT Astra International Tbk (IDX: ASII).
According to finance director, Lea Setianti Kusumawijaya in a virtual conference, on March 26, the share sale also to fulfill the free float requirement by the regulator. Currently, public hold 1.3 percent of the PermataBank shares, while Bangkok Bank owns 98.7 percent of total shares of the new unit.
All proceeds obtained from this rights issue including the funds already injected by the parent will be used to strengthen their capital. She reported that PermataBank‘ total capital amounted to Rp42.86 trillion in 2020, grew by 85.25 percent compared to 2019, which amounted to Rp23.13 trillion. And, the capital adequacy ratio and common equity tier 1 were 35.7 percent and 26.9 percent, respectively, compared to a year ago at 19.9 percent and 18.7 percent.
Bangkok Bank has officially integrated its branch offices in Indonesia into PermataBank’ branch network. President of the Thai lender, Chartsiri Sophonpanich, said the official integration of its branches and the local bank was approved by the regulator on Dec. 21, 2020. Now, PermataBank became one of Indonesia’ 10 largest banks.
Bangkok Bank, established in 1944 and the sixth largest Southeast Asian bank. It has more than 17 million customer accounts and 1,000 branches in Thailand. Their office has a presence in nine ASEAN countries, Hong Kong, Japan, Taiwan, the United Kingdom, and the United States. While, the Indonesian unit have 300 branches in 62 cities in Indonesia, six branches in China, five branches in Malaysia under Bangkok Bank Berhad.
US$1: Rp14,500
Written by Editorial Staff, Email: theinsiderstories@gmail.com
