JAKARTA - BTN officially acquired PT Bank Victoria Syariah (BVIS). The signing of the sale and purchase deed was carried out by BTN together with BVIS shareholders at BTN 1 Tower Jakarta, Thursday, June 5.
The takeover of BVIS shares is part of the separation process (spin-off) of BTN Syariah as BTN's Islamic business unit to become Commercial Bank. BTN hopes that this corporate action can support the achievement of BTN's vision to make BTN Syariah the second largest Islamic bank in Indonesia.
President Director of BTN Nixon LP Napitupulu in his speech said that this corporate action was part of BTN's strategic initiative to separate BTN Syariah from Bank Umum Syariah so that it complied with regulatory regulations and state laws.
"We have promised the Minister of SOEs (Erick Thohir) that this new Islamic bank is targeted to become the second largest Islamic bank in a short period of time, with efficient, inclusive, and sharia-value-based businesses," said Nixon from a release received by VOI editors, Thursday, June 5.
Meanwhile, Victoria Investama President Director Aldo Jusuf Tjahaja said that his party is optimistic that BVIS under the auspices of BTN will become a sharia financial institution that will grow and be more competitive in the future.
The joint Sharia Business Entity of BTN Syariah and BVIS will later have a new name determined by President Prabowo Subianto based on BTN and BUMN Minister Erick Thohir's proposal. It is hoped that this new bank will be inaugurated and operational at least before 2025 ends.
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