Strengthening Capital, Bukopin Receives IDR 3 Trillion Loan From Kookmin Bank Hong Kong

JAKARTA - PT Bank KB Bukopin Tbk (BBKP) received capital support from its shareholders. This time it involved funds of IDR 3 trillion.

As stated in a letter signed by two Bukopin family planning directors Seng Hyup Shin and Heli Fakhrudin, quoted on Tuesday, July 5.

According to the letter, the Rp3 trillion fund was a subordinated loan obtained from the Kookmin Bank Hong Kong Branch (KBHK). The term of the loan is seven years.

"This fund will be used by the company to increase and strengthen complementary capital (tier II)," wrote the management of KB Bukopin.

KBHK is a branch of Kookmin Bank Co. Ltd. which is the majority shareholder of Bank Bukopin. As of May 2022, Kookmin Bank's shareholding in Bukopin reached 67 percent.

Previously, Bukopin managed to raise Rp7.04 trillion in fresh funds through the issuance of new shares in December 2021. At that time, the company issued 35.21 billion new series B shares with an exercise price of Rp200 per share.

For additional information, Bukopin has two subsidiaries namely PT Bank KB Bukopin Syariah and PT KB Bukopin Finance.