JAKARTA - DKI Jakarta Governor Pramono Anung targets PT Bank Jakarta to list on the Indonesia Stock Exchange (IDX) through an initial public offering or IPO in 2027. This step is said to be part of the efforts to transform and improve the governance of the bank owned by the DKI Jakarta Provincial Government.
Pramono said the DKI Jakarta Provincial Government was coordinating with Bank Indonesia (BI) and the Financial Services Authority (OJK) to finalize the Bank Jakarta IPO plan. He also asked the board of directors and commissioners to prepare for the corporate process.
"Bank Jakarta is also preparing to be able to IPO immediately because with IPO I believe that it is supervised by the public, then Bank Jakarta will become better," said Pramono to reporters, Tuesday, January 6.
According to Pramono, listing shares on the exchange will encourage an increase in public confidence while strengthening the professionalism of Bank Jakarta's management. He assessed that, as a bank whose entire shares are still owned by the DKI Provincial Government, Bank Jakarta needs to be managed more openly and competitively.
"Because as we know, Bank Jakarta is now owned entirely by the DKI Jakarta Government. As the Governor of Jakarta, I hope that this will be managed professionally, providing the greatest benefit for anyone who uses Bank Jakarta," said Pramono.
Meanwhile, Bank Jakarta President Director Agus Haryoto Widodo stated that the company is currently still focusing on strengthening the fundamentals before stepping onto the exchange. A number of consultants have also been appointed to assist in IPO preparations.
"So the fundamentals have now been improved, the fundamentals of Bank Jakarta. We have also processed the appointment of consultants for preparation for the IPO," said Agus.
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