Mimicking 'Flexible' Move Of Chairul Tanjung Takes Over Bank Harda, Small Banks Are Now Targeted For Acquisition By Local And Global Investors

Chairul Tanjung conglomerate. (Photo: Doc. Antara)

JAKARTA - The Chairul Tanjung conglomerate is getting closer to dominating PT. Bank Harda Internasional Tbk. This week, the bank's shareholders will hold an extraordinary general meeting of shareholders (RUPSLB) on January 29, 2021, in Jakarta, where one of the agendas is CT's approval to take over Bank Harda.

Currently, banking consolidation in Indonesia is known to be more intense. Domestic and foreign investors have flocked to acquire banks to expand the financial sector business expansion.

As reported by VOI from investasi.kontan.co.id, one of the domestic banks that is quite serious about acquiring small banks is PT. Bank Central Asia Tbk (BCA). This bank with the BBCA stock code has acquired two banks, namely PT. Bank Royal Indonesia and PT. Rabobank international Indonesia. The latest news is that Rabobank, which changed its name to PT. Bank Interim, has legally merged with PT. Bank BCA Syariah.

For information, the implementation of the acquisition of Interim Bank by BCA has been initiated since the end of last year. Initially, BCA disbursed IDR 397 billion in funds to narrow 100 percent of the Interim Bank ownership.

However, the points increased because BCA had to pay a premium of USD 20.5 million. So that the point of acquisition will be around IDR 500 billion.

With this merger, BCA Syariah's capital is getting thicker. This computerization is reflected in the issued and paid-up capital of BCA Syariah as of July 2020, which will increase from IDR 1.99 trillion to IDR 2.25 trillion after the merger.

Then, for Bank Royal, which changed its name to PT. Bank Digital BCA, based on the statement of the President Director of BCA Jahja Setiaatmadja it will be focused towards computerization as the name implies. This is BCA's step to be more serious in working on the millennial business segment through computerized banking services that carry the branchless concept.

"That's right (BCA Digital Bank) will be fully digital. The main focus is the millennial segment," said Jahja, Tuesday, January 12.

BCA is not the only one that has been expanding to bring in banks. Last year, Indonesian conglomerates were even busy with corporate actions. For example, CT Corp through PT. Mega Corpora said that it would take over PT. Bank Harda Internasional Tbk (BBHI) through the purchase of 3.08 billion shares or about 73.71 percent of the paid-up capital.

CT Corp also plans to buy several more shares in PT. Bank Pembangunan Bengkulu region (BPD Bengkulu). At the end of last year, CT Corp gave the first phase capital deposit of IDR 100 billion, as an effort to fulfill BPD Bengkulu's core capital.