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Bank Bukopin’s Business Direction Welcomes New Controlling Shareholders

TEMPO.CO, Jakarta – Managing Director of PT Bank Bukopin Tbk Rivan Purwantono said the new management welcomed and appreciated the commitment of the new controlling shareholder candidate, Kookmin Bank. The management has talked about the details to support the sustainability and business development of Bank Bukopin.

He also ensured that there were no problems to worry about both customers and investors. “Kookmin Bank will be good for giving best practice both in managerial and digital banking. The focus of work will still remain the same, namely the micro, small and medium business and consumer segments, “he said Sunday, June 28, 2020.

Until June 10, 2020, Kookmin Bank has realized its commitment to become Bank Bukopin’s PSP with a placement of US $ 200 million. This shows the consistency of the seriousness of Kookmin Bank as the company’s second largest shareholder since July 2018.

According to Rivan, in addition to focusing on the MSME and consumer segments, the commercial segment will be a balancer of Bank Bukopin’s business.

The company is also trying to strengthen value proposition, produktivitas point of sales, and human resources as well as working to improve asset quality, reduce cost of funds, optimize liquidity, simplify business processes and improve efficiency.

“Kookmin Bank’s presence is expected to help strengthen digital banking Bukopin to increase customer transactions, “he said.

In addition, Rivan ensured that investor support would not stop at the Limited Public Offering (PUT) V. The company would also hold a LPO VI, in which Kookmin Bank and Bosowa could continue to participate again in the development of this BBKP-coded issuer.

Contacted separately, President Commissioner of Bosowa Corporation, Erwin Aksa said he would continue to follow the rules and carry out every order from the supervisory authority. Erwin also stated that Bosowa gave support to Kookmin through letters.

“The Bosowa Group fully supports Bank Bukopin’s plan [yang telah menerima dukungan penuh OJK] to carry out Capital Increase without Giving Pre-emptive Rights in which the Kookmin Bank KB will be the sole shareholder and then become the sole controlling shareholder of Bank Bukopin after the completion of the PMTHMETD, “it is written in a letter dated June 21, 2020.

In more detail, Bosowa promised its ability regarding Kookmin to place US $ 200 million in an account escrow which will be opened in the name of the South Korean bank at BBKP, which will be used for the purpose of capital investment and / or acquisition of new shares.

Bosowa also stated that he was capable of Kookmin, which would own 67 percent of the total share capital issued in BBKP.

The letter also ensured that Bosowa was subject to the provisions of the prevailing laws and regulations, including every written order given by the authorized government agency.

Bosowa promised Kookmin the approval of the PMTHMETD, the approval of the BBKP takeover which caused a change of controller, the approval of the dismissal of the members of the BBKP Board of Directors and Board of Commissioners, and the appointment of new members of the Board of Directors and the Board of Commissioners.

BUSINESS

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