JAKARTA - DKI Jakarta Governor Pramono Anung encourages Bank Jakarta to list on the exchange through an initial public offering or initial public offering (IPO). This step is considered important to expand the customer base while building public confidence in the regional bank.
Pramono believes that if Bank Jakarta is able to build strong trust, dependence on the DKI Jakarta Provincial Government (Pemprov) as the main customer will decrease.
"If this company can build its trust, then its main customers are no longer the DKI Jakarta Government. Its customers are the public," said Pramono in Jakarta, Monday, January 26.
He emphasized that trust is the main foundation in the business world, especially the banking sector. According to him, without trust, business entities will find it difficult to develop sustainably.
"Whatever as a business entity, people if they are with Bank Jakarta must trust, must trust. The key word in the business world, the business world is trust," he said.
Pramono also assessed that IPO would open up a wider and more transparent oversight. He said public supervision was much healthier than companies that only relied on figures from the local government.
"Rather than this company only relying on its top individuals who are in the City Hall whose name is the Governor, it is better that the public oversees it," he said.
According to Pramono, the public supervision mechanism will also minimize the potential for local government intervention in bank management. In that way, corporate governance is considered to be more professional.
"If the public is supervised, it will be much healthier. And that's what I really hope," he said.
Apart from Bank Jakarta, Pramono said there were other BUMD that were prepared for IPO. He targeted that the process could be carried out no later than the end of this year or early next year.
"So there are two BUMD, next year there will be more. The first is of course Bank Jakarta, the second is PAM Jaya," said Pramono.
Meanwhile, Bank Jakarta President Director Agus Haryoto Widodo stated that his party was preparing concrete steps towards an IPO. This preparation is part of the agenda to strengthen the institution and accelerate the company's growth.
According to Agus, the IPO plan is in line with Bank Jakarta's transformation efforts to improve credibility and strengthen corporate governance.
"Bank Jakarta is preparing for an IPO as part of its transformation plan and improving its credibility and corporate governance," he said.
In the initial stage, management will propose adjustments to the Articles of Association to the DKI Jakarta Provincial Government. The adjustment includes increasing the basic capital to be in line with corporate needs ahead of the IPO.
"One of the steps that we will propose to the DKI Jakarta Provincial Government is the adjustment of the Bank Jakarta Articles of Association, especially regarding the proposed increase in the basic capital," said Agus.
Agus added that the process requires the full support of the DKI Jakarta Provincial Government and a clear legal umbrella. The adjustment of the Articles of Association, according to him, must be supported by regulations in the form of Regional Regulations.
"We understand that this process requires the support of the Provincial Government and will require a regulatory umbrella in the form of a Regional Regulation," he said.
He assessed that the direction and support of the Governor of DKI Jakarta were important factors in the smooth preparation of the Bank Jakarta IPO. Agus said that all initial studies and academic manuscripts had been prepared as a basis for policy making.
"The direction and support of the Governor will be very decisive for the smooth running of this stage of preparation. For academic studies and manuscripts, we have also completed them," he said.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
