JAKARTA. PT Bank Bukopin Tbk (BBKP) plans to conduct a rights issue with the target of obtaining Rp 2 trillion.
President Director of Bank Bukopin, Eko Rachmansyah Gindo, said that the corporate action was planned to be conducted in the second semester of this year or in the first half of next year. According to him, as many as 30% of existing shares will be released to investors.
The proceeds from the rights issue will be used for retail credit expansion, core banking migration, strengthening the capital of Islamic banks, and strengthening the capital of its subsidiary, Bukopin Finance. For this reason, after the rights issue, Bank Bukopin's Capital Adequacy Ratio (CAR) can rise to the range of 15-16%. "Currently, the position of CAR is in the position of 13.5%," Eko said on Wednesday (10/7).
The rights issue plan is a change from the company's initial plan to issue a sub-debt of Rp 3 trillion. The reason for the change is because in terms of equity, the right issue will be better, said Eko. (AM/AR)