BCA Announces Share Buyback Plan of up to IDR 5 Trillion

Shares (Photo: Antara)

JAKARTA - PT Bank Central Asia Tbk (BCA) announced a plan to buy back the Company's shares or buyback on shares that have been issued and recorded on the Indonesia Stock Exchange (IDX).

BCA's EVP Corporate Communication and Social Responsibility, Hera F. Haryn explained, this corporate action is carried out in order to support the stability of the Indonesian capital market, increase investor confidence, and provide a more optimal rate of return for shareholders.

"The period of shares buyback will be carried out for 12 months from the approval of the shares buyback plan by the Annual General Meeting of Shareholders (RUPST) which is planned to be held on March 12, 2026, unless it is terminated sooner by the Company by taking into account the provisions and regulations applicable laws," said Hera in a statement to the media, Thursday, January 29.

The amount of the shares buyback value is a maximum of Rp5 trillion including the cost of intermediaries for securities traders and other costs.

Hera added that the number of shares repurchased by the company would not exceed 10 percent of the Company's paid-up capital.

He also ensured that this corporate action would not result in a decrease in capital below the minimum limit as required in the Financial Services Authority Regulation No. 11/POJK.03/2016 concerning the Minimum Capital Provision Obligation of Commercial Banks as last amended by OJK Regulation No. 27 of 2022 concerning the Minimum Capital Provision Obligation of Commercial Banks.

"The implementation of this share buyback has no material impact on the Company's financial performance and business activities. In carrying out its operational activities, BCA always adheres to the principles of Good Corporate Governance (GCG) and complies with all applicable regulations/provisions," said Hera.