JAKARTA - PT Bank IBK Indonesia Tbk (AGRS) plans to conduct a rights issue to increase capital to Rp 2 trillion and credit expansion in 2020. This corporate action plan was approved at the Extraordinary General Meeting of Shareholders (EGMS) which took place yesterday.
Quoted from the public exposure answer sheet, in the rights issue plan later, IBK will issue 8 billion shares at a nominal price of Rp 100 per share. However, the implementation price of the corporate action plan has not yet been determined at the GMS. This plan is not later than 12 months after the RUPS and Financial Services Authority (OJK) has approved it.
Next year, the IBK business plan will increase capital to Rp 2 trillion. Thus, the company will be able to drive an increase in credit growth by 51% or to Rp 5.8 trillion. While Third Party Funds (DPK) will grow 2.31% to Rp 6.1 trillion and assets to Rp 9.2 trillion.
Based on the financial statements of the third quarter of 2019, IBK Bank distributed loans of Rp 3.95 trillion, an increase compared to December 31, 2018 of Rp 2.98 trillion, DPK was recorded at Rp 5.77 trillion, and assets amounted to Rp 7.51 trillion. (LK)