Want A Jumbo Rights Issue Of IDR 11 Trillion, This Is BNI Management's Explanation

Illustration. (Photo: Doc. Antara)

JAKARTA - One of the state-owned banks, PT Bank Negara Indonesia (Persero) Tbk (BBNI) alias BNI, responded to a request for clarification to the Indonesia Stock Exchange regarding the company's plan to conduct a rights issue worth Rp11 trillion.

This response was conveyed by BNI management in a report signed by BNI Corporate Secretary Mucharom, last Monday, January 31. Management explained that the company plans a rights issue in 2022 in order to strengthen capital for business expansion as well as company fundamentals in the midst of economic recovery.

The plan is also contained in the company's business plan submitted to the OJK. Regarding the timing of the rights issue, it will be decided and then taking into account the condition of the capital market in 2022.

"As for now, the company continues to carry out intensive communication with the company's controlling shareholder, namely the Republic of Indonesia through the Ministry of SOEs," wrote BNI management.

Previously, the plan to increase capital through a rights issue of Rp11 trillion was disclosed by Deputy Minister of BUMN II Kartika Wirjoatmodjo in a working meeting with Commission VI of the DPR in early July 2021. The additional capital is planned in the first semester of 2022.