Receiving Effective Statement from OJK, Neo Commerce Bank Realizes Right Issue of IDR 2,5 Trillion

Receiving Effective Statement from OJK, Neo Commerce Bank Realizes Right Issue of IDR 2,5 Trillion

PT Bank Neo Commerce, Tbk. (BNC) has received an effective statement from the Financial Services Authority (OJK) on Thursday (18/11) to carry out a corporate action, namely Capital Increase with Pre-emptive Rights (PMHMETD) V or rights issue with a target of obtaining funds of IDR 2,5 trillion.

In PMHMETD V, BNC issues a maximum of 1.927.162.193 new shares which will be listed on the Indonesia Stock Exchange or 25,71% of the company's current issued and fully paid capital, with a nominal value of Rp. 100 per share and an exercise price. Rp1.300 per share so that the total amount is a maximum of Rp2.505.310.850.900,-.
In the implementation of PMHMETD V, every shareholder who has 35 shares in the Company's Register of Shareholders on November 30, 2021 at 16.00 WIB has 9 Rights, where every 1 Rights gives the holder the right to buy 1 new share. This Rights is traded from December 2 to December 8, 2021.
President Director of Bank Neo Commerce, Tjandra Gunawan, said that the corporate action was aimed at meeting, among other things, the core capital of digital banks set by the OJK of at least IDR 2 trillion at the end of 2021 and IDR 3 trillion at the end of 2022.
"Through this rights issue, BNC will receive an injection of IDR 2,5 trillion which will increase BNC's core capital to more than IDR 3 trillion, exceeding the provisions set by the OJK. This is a form of BNC's seriousness and to accelerate the acceleration of transformation into a leading digital bank in Indonesia," said Tjandra.

Furthermore, the additional capital generated from this corporate action will also be prioritized by the company for sustainable investment in information technology, supporting BNC's operational performance including employee development and recruitment, promotional activities and ongoing education about digital banks, development of BNC's neobank applications through the development of various features and services. innovative banking sector, as well as to strengthen the Minimum Capital Adequacy Ratio (CAR).
Currently, BNC's neobank application is known for its interactive product and service innovations, including Neo Journal, chat features, and Dunia Neo games. “This acquisition of capital from the corporate action is of course very important for the development of BNC's features, services and products. Going forward, BNC will continue to innovate to provide a unique, different digital banking experience for customers. BNC will continue to focus on innovation and breakthroughs, focusing on interactions between customers," said Tjandra.
Tjandra is grateful that BNC's breakthroughs have yielded results, including making BNC the market leader in the current digital bank category with the largest number of customers in Indonesia and making the neobank application the most sought after and downloaded digital bank application. "The various positive achievements this year have fueled our spirits and we are optimistic that Bank Neo Commerce's performance next year will be even better," concluded Tjandra.

Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again