JAKARTA – PT Allo Bank Indonesia Tbk (BBHI) would launch a private placement to expand its core capital of at least IDR 6 trillion to enter the second level of Bank Group based on Core Capital (lit. Kelompok Bank Berdasarkan Modal Inti 2/KBMI 2). This plan will be discussed during the Extraordinary General Shareholders Meeting, scheduled for October 15, 2021.
Aryanto Halawa, Head of Financing, Planning, and Control Division of Allo Bank Indonesia, specifies that the number of issued shares in the said corporate action would reach 11 billion shares at most of IDR 100 each. “The execution price would be set later by the directors after gaining approval from the shareholders meeting,” he confirms in the information disclosure today (14/9).
According to Halawa, most of the proceeds would be utilised to expand the credit channelling range through technology innovations or a digital bank. The bank had acquired permission from the Financial Services Authority (OJK) regarding the usage of the application, the main system, and its operational supporting system. They include Allo Apps, digital bank, Core Banking, and Risk Management System, all available on Android devices.
The digital bank license covers time deposit, transfer, top-up, bill payment, payment, account statement, e-wallet, pay later, instant cash, and Merchant Presented Mode (MPM) QRIS. Meanwhile, Allo Apps would cover digital onboarding, Allo internal point transfer, and other digital bank products, such as e-wallet. (LK/ZH)