BCA Digital, Bank Owned By The Hartono Brothers Conglomerate Is Prepared For IPO In The Next 1-2 Years

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk explained the business development plan for their subsidiary, PT Bank Digital BCA. BCA corporate secretary Raymon Yonarto confirmed that BCA Digital is prepared to be listed on the stock exchange in the next 1 to 2 years.

This was disclosed by Yonarto in BCA's information disclosure on the Indonesia Stock Exchange (IDX) website, quoted Monday, July 12. But he said. the plan takes into account market dynamics and future economic developments.

"We convey that it is true that the company has a business development plan for its subsidiary, namely PT Bank Digital BCA for the long term, including the potential to conduct an Initial Public Offering in the next 1 to 2 years. However, this plan will consider and adjust market dynamics and future economic developments," said Yonarto.

Management added that in carrying out banking operations and as a member of the Indonesia Stock Exchange, the company always follows the provisions and the Indonesian banking law, refers to the stipulated provisions, and coordinates with banking regulators and related authorities.

For information, BCA Digital is the result of the transformation of PT Bank Royal Indonesia. BCA acquired Bank Royal in November 2019, which was subsequently prepared to become the company's digital bank. BCA Digital is here through the blu application which officially launched on July 2, 2021.

The blu application is present as a branchless digital bank ecosystem and can be accessed from anywhere, anytime. The blu application is also integrated with all digital infrastructure owned by BCA, such as call centers and ATM networks.

The blu application provides various innovative features, such as opening a bluAccount account online and being able to do budgeting with 10 bluSaving savings accounts. This makes it easier for customers to separate their income according to their individual needs.

There is also bluGether, a savings account that functions like a treasurer's account and bluDeposit that makes it easy for customers to open deposits that can be top-up nominally. All types of payments, from bill payments, e-wallet top-ups, to data package purchases, can be done in the blu application.

blu customers can also make transfers to other banks free of charge. In addition, thanks to the strong integration with BCA infrastructure, blu customers can withdraw/deposit free cash at all BCA ATMs in Indonesia.