JAKARTA - The digital bank owned by tycoon Chairul Tanjung or CT, PT Allo Bank Indonesia Tbk (BBHI) has carried out the transfer of certain assets and liabilities to PT Bank Mega Tbk. (MEGA) on Monday, June 6, 2022.

In an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted on Friday, June 10, management explained that Allo Bank and Bank Mega had each obtained a fairness opinion report on the transfer of assets and liabilities from the Public Appraisal Service Office (KJPP).

In detail, assets include loans (including accrued interest income), fixed assets (property and office inventory), and other assets (foreclosed collateral and abandoned properties). Meanwhile, liabilities include customer deposits in the form of demand deposits, savings and time deposits (including accrued interest).

"The net transfer price in this transaction received by the company is IDR 341.83 billion," explained Allo Bank's management, quoted on Friday, June 10.

As is known, Bank Mega and Allo Bank are affiliated parties because they have the same controlling shareholder, namely PT Mega Corpora which has BBHI shares of 60.88 percent and is also the controlling shareholder (PSP) of Bank Mega with 58.02 percent share ownership.

"This information does not have a material impact because the transaction is a follow-up to the planned transfer of assets and liabilities that has been disclosed by the company in the information disclosure on April 12, 2022 and additional information disclosure on May 17, 2022.

"In addition, management added that this transaction has also obtained independent shareholders' approval at the General Meeting of Shareholders (GMS) based on the deed of the minutes of the Allo Bank Annual General Meeting of Shareholders (AGM) No. 02 dated 19 May 2022.

Previously, Allo Bank's management conveyed that the transfer was in accordance with the company's plan to develop digital banking services, so that certain assets and liabilities owned by Allo Bank related to conventional banking services would be unproductive and could have a negative impact on services to customers.

"The benefit of this transfer is that it will make the company more focused on digital banking services, taba uhun oscat

Furthermore, the transfer of assets and liabilities to Bank Mega is also a manifestation of BBHI's responsibility for service to customers, because Allo Bank believes that Bank Mega has good financial capabilities, systems and services in addition to an adequate office network to serve conventional banking customers.

"The company deems it necessary to develop banking service activities from conventional ones to focus more on digital banking services by utilizing the ecosystem owned by the CT Corpora business group and other business groups that will cooperate with the company," he said.


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