Shopee's Parent Is Reportedly Interested, This Is Bank Bumi Artha's Answer

JAKARTA - PT Bank Bumi Arta Tbk (BNBA) is reportedly in demand by Sea Group, which is the parent company of e-commerce Shopee. Sea Group is interested in acquiring another bank in Indonesia after controlling the majority of shares in Bank Keseelfare Ekonomi (Bank BKE).

So how does this news actually continue? The management of Bank Bumi Arta, in its disclosure of information to the Indonesia Stock Exchange (IDX), which was quoted on Wednesday, February 17, opened its vote.

"The company also just learned about the news in the media / newspapers," wrote Bank Bumi President Director Arta Wikan Aryono.

Wikan said, there was no material information or other important events that could affect the company's survival and could affect the share price of Bank Bumi Arta.

Until trading on Tuesday, February 16 yesterday, BNBA's share price soared 24.7 percent to the level of IDR935 per share. BNBA's share price skyrocketed to touch the top auto reject level (ARA) for three consecutive days since Thursday, February 11 last week. Within a week, BNBA's share price has jumped by 93.18 percent.

Bank Bumi Arta is a group of Commercial Banks for Business Activities (BUKU) II with a core capital of less than IDR 2 trillion. As of September 2020, the core capital has only reached IDR 1.46 trillion.

Meanwhile, the regulation of the Financial Services Authority (OJK), commercial banks are required to have a minimum core capital of IDR 3 trillion by the end of 2022 and this must be fulfilled in stages where the end of 2021 is required to reach IDR 2 trillion.