Through MNC Kapital, Conglomerate Hary Tanoesoedibjo Injects MNC Bank Capital Of IDR 324 Billion

MNC Bank. (photo: Doc. Antara)

JAKARTA - Conglomerate Hary Tanoesoedibjo continues to strengthen the capital structure of its financial business. This time it was done to PT Bank MNC International Tbk (BABP).

The former Bumiputera Bank has just received fresh funds of IDR 324 billion. This fund is the result of additional capital without pre-emptive rights (HMETD) or rights issue.

"On January 31, the company has exercised its Pre-emptive Rights by issuing 1.97 billion new series B shares with a nominal value of Rp50 per share, at an exercise price of Rp165," Bank MNC management wrote, Thursday, February 3.

The management of Bank MNC said that all the shares issued by the company were taken by PT MNC Kapital Indonesia Tbk as the company's main controlling shareholder.

As of September 30, 2021, MNC Kapital is the holder of 49.66 percent of Bank MNC's shares. The remaining 18.31 percent belongs to Winfly Ltd and 32.03 percent belongs to the public under 5 percent.

This fresh fund will of course strengthen Bank MNC's capital. As of September 30, 2020, Bank MNC's total capital reached more than Rp. 1.5 trillion.

According to Bank MNC management, the funds received by the company after deducting costs related to PMTHMETD will be used to strengthen the capital structure, expand credit, and support the development of the MotionBanking application.

Bank MNC's financial performance has not been so good. The company's net interest income in the third quarter of 2021 actually fell 4.25 percent from IDR 290.14 billion to IDR 277.79 billion.

Fortunately, the company benefited from the sale of foreclosed collateral amounting to Rp1.03 billion. So that this helped raise the company's net profit to Rp5.77 billion, an increase of 113.7 percent from Rp2.7 billion in the third quarter of 2020.