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Bank IBK has distributed IDR 106.31 billion of its rights issue proceeds

12 November 2020 08:37

JAKARTA - As of 14 October 2020, PT Bank IBK Indonesia Tbk (AGRS) has distributed IDR 106.31 billion of its rights issue proceeds for credit expansion. 

Kim Jaemyoung, Director of AGRS, said that the remaining funds are kept at Bank Indonesia with an interest rate of 3.5% per annum.

For information, AGRS held its rights issue on 31 March 2020, raising IDR 697.22 billion. AGRS plans to use all of its rights issue proceeds for credit expansion. (LK/AR)

 
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