Jakarta, CNBC Indonesia – The application of the minimum bank capital rules issued by the Financial Services Authority (OJK) will be effective at the end of this year. This new rule forces small banks listed on the Indonesia Stock Exchange (IDX) to increase their minimum capital.
The rule in question is OJK Regulation Number 12/POJK.03/2020, where banks are required to have a minimum core capital of commercial banks of IDR 2 trillion by the end of this year and a minimum of IDR 3 trillion by the end of 2022. There are 13 banks listed in the stock market. BEI, with core capital still below Rp 2 trillion.
If the minimum core capital cannot be achieved by a mini bank, then the bank has the potential to be degraded by the OJK into a BPR alias Rural Bank, which of course has more limited business compared to conventional banking.
This is of course very crucial for banks that are listed on the stock exchange considering the regulation states that foreign investors are prohibited from being shareholders of BPRs so that there is uncertainty about the fate of mini banking issuers when later they are unable to meet core capital and have to be demoted to BPR status considering that currently foreign investors are free. make a purchase in any stock on the local exchange.
The following are mini banks with a core capital of less than Rp 2 trillion which are listed on the local exchange.
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Source: Financial Report- – |
There are still 13 issuers of mini-banks with a core capital of under Rp 2 trillion.
Interestingly, one of the 13 issuers of the mini-bank, namely PT Allo Bank Indonesia Tbk (BBHI), which has a core capital of Rp. 1 trillion, after the corporate rights issue, no longer needs to comply with the POJK rules for banking consolidation.
This is because BBHI has just been registered as a Bank Business Group (KUB) of another larger bank, namely PT Bank Mega Tbk (MEGA) which already has equity of up to Rp. 17 trillion so that BBHI is allowed by the regulator to only have a core capital of Rp. 1 trillion. and no need to add more capital.
While the remaining 12 banks still have to look for additional capital ranging from Rp 400 billion for PT Bank Ina Perdana Tbk (BINA) to Rp 1 trillion for PT Bank Amar Tbk (AMAR) until the end of 2021.
It is noted that several banks are in the final stages of corporate action plans, such as PT Bank Capital Tbk (BACA) which is ready to conduct a rights issue and raise fresh funds by issuing 20 billion new shares.
While the rest there are several other banks such as PT Bank Maspion Tbk (BMAS), PT Bank MNC International Tbk (BABP), PT Bank Aladin Syariah Tbk (BANK), PT Bank Ina Perdana Tbk (BINA), PT Bank Nationalnobu Tbk (NOBU), PT Bank J Trust Indonesia Tbk (BCIC) and PT BPD Banten Tbk (BEKS) are already planning to conduct a corporate rights issue this year.
(hps / hps)
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