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OCBC NISP will allocate Rp 500 million for buyback

18 February 2020 14:55

JAKARTA - PT Bank OCBC NISP Tbk (NISP) will allocate a budget of Rp 500 million to buy back as many as 400,000 of its shares.

As quoted from the company's disclosure on Tuesday (18/2), the plan will be decided at the company's Extraordinary General Meeting of Shareholders (EGMS) on 2 April 2020. If approved, the buyback will be carried out no later than 18 months after the EGMS.

The corporate action will lead to the Rp 500 million-decline to the company's total asset value and equity. 

As of 31 December 2019, NISP's total asset value was recorded at Rp 180.70 trillion, while its equity was recorded at Rp 27.66 trillion. (LK/AR)

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