Spending IDR 643.65 Billion, BCA Officially Acquires Interim Bank Alias Rabobank

BCA Building. (Angga Nugraha / VOI)

JAKARTA - PT Bank Central Asia Tbk (BCA) has completed the acquisition of PT Bank Interim Indonesia. The bank was previously PT Bank Rabobank International Indonesia.

Quoted from a BCA press release received by VOI , Tuesday, September 29, the transfer of Bank Interim's shares was carried out on September 25, 2020 after approval of capital participation, acquisition and fit and proper was obtained from the Financial Services Authority (OJK) of the Republic of Indonesia.

Attending the signing ceremony were BCA Director Henry Koenaifi, BCA Director Vera Eve Lim, and CRUA representative Maximiliaan Blom in Jakarta.

Thus, BCA officially owns 99.999973 percent of Bank Interim shares. And PT BCA Finance, a subsidiary whose entire shares are owned directly and indirectly by BCA, owns 0.000027 percent of the shares.

The total acquisition value was IDR 643.65 billion. With this corporate action, BCA supports the consolidation program for the Indonesian banking sector, and will strengthen the financial position of BCA's subsidiary, namely PT Bank BCA Syariah (BCA Syariah), through a planned merger (merger) between Bank Interim and BCA Syariah.

After the merger, BCA Syariah will become the surviving entity .