Bank Bukopin Changed Its Name To 'KB Bukopin' After The Permit From OJK Was Issued

Illustration of Bank Bukopin (Photo: Special)

JAKARTA - The long journey of PT Bank Bukopin Tbk. after being acquired by Kookmin Bank from South Korea entered a new chapter. Yesterday on Friday, February 12, the company announced that it had received approval for the name change from the Financial Services Authority (OJK) to PT Bank KB Bukopin Tbk.

This is stated in a copy of the Decree of the Deputy Commissioner for Banking Supervision I of the Financial Services Authority (OJK) Number KEP-11/PB.1/2021 concerning the Stipulation of Use of a Business License on behalf of PT Bank Bukopin Tbk. became a business license on behalf of PT Bank KB Bukopin Tbk.

"The company's business activities and operations will continue as usual", said VP Corporate Secretary of Bank Bukopin Meliawati in a statement to the Indonesia Stock Exchange (IDX) as quoted by VOI, Saturday, February 13.

Meanwhile, the company received the name change confirmation letter from the OJK on Tuesday, February 9.

Previously, the annexation of the bank with the ticker code Bank Bukopin Tbk (BBKP) by Kookmin Bank encountered several problems. One of them is related to PT Bosowa Corporindo as the controlling shareholder of Bukopin, previously feeling unable to accept the presence of Kookmin Bank who took over the company.

On the one hand, OJK gave the green light to Kookmin Bank to be able to take control of BBKP. As a result, the case went to court. Most recently, Bosowa won the decision at the Jakarta State Administrative Court (PTUN). The authorities themselves are reportedly going to appeal the verdict.