OJK Says There Has Been No Official IPO Communication From Bank DKI

JAKARTA - The Financial Services Authority (OJK) revealed that until now it has not received official communication or submission of an Initial Public Offering (IPO) stock registration statement from Bank DKI.

"Until now, there has been no official communication between the management of Bank DKI or the submission of a Registration Statement for the IPO of shares submitted by Bank DKI," explained the Chief Executive of the Capital Market Supervisory, Derivative Finance, and the OJK Carbon Exchange, Inarno Djajadi in his official statement, Tuesday, June 3.

He conveyed that every IPO plan that will be carried out by banks, including Bank DKI, must first be listed in the Bank Business Plan (RBB) which has been submitted to the OJK.

Furthermore, Inarno explained that in the process of compiling the IPO registration statement document, Bank DKI was required to comply with the principle of information disclosure.

He added that the document must be compiled in a complete, adequate, objective, easy to understand, and clear manner, in order to provide sufficient information to potential shareholders and investors.

"Bank DKI in compiling the Registration Statement document, must pay attention to completeness, adequacy, objectivity, ease of understanding, and clarity of the Registration Statement document to ensure that Registration Statements meet the Openness Principle and provide sufficient information for shareholders," he concluded.

Previously, Bank DKI had also received approval to implement its initial public offering plan (IPO) to the public and list it on the Indonesia Stock Exchange (IDX).

This IPO plan was previously the target of DKI Jakarta Governor Pramono Anung. Pramono instructed Bank DKI to have been listed on the stock exchange for the next year.

"The AGMS gives the authority to the Board of Directors and the Board of Commissioners for all the adjustments and preparations needed to implement the IPO plan, including conducting a comprehensive study, while still paying attention to domestic and global economic conditions, stock market conditions on the IDX," said President Director of PT Bank DKI Agus H. Widodo in his statement, Wednesday, April 30.

On the other hand, the AGMS has also approved the addition of the company's issued/depositable capital of the amount stipulated in the 2024 Revised APBD which comes from credit, delete the former BPPN book with a total of IDR 2.19 billion as a capital deposit for the DKI Jakarta Provincial Government to the company.

"With this addition, the company's issued/depositable capital will change from Rp6.58 trillion to Rp6.58 trillion, and the remaining Rp760.17 thousand will be recorded in the company's general reserves," Agus explained.