Efforts to increase capital are still proceeding with OJK

Reporter: Lawrence Marshall Sautlan Sitanggang | Editor: Tendi Mahadi

KONTAN.CO.ID – JAKARTA. PT Bank Muamalat Tbk said that until now the process of increasing capital and finding investors is still continuing. Bank Muamalat’s Managing Director Achmad K. Permana explained, currently there are indeed several new names that want to become investors of Bank Muamalat, and are in the process of applying for licenses to the Financial Services Authority (OJK).

“Process corporate action As we continue, we coordinate with OJK and other shareholders as well. In addition to those who are registered (investors), there are also others, “he said when met in Jakarta, Thursday (2/6).

Read Also: Bank Muamalat supports the Young Pilgrimage Movement made by BPKH

Permana said that the process had actually begun since the beginning of this year but due to the Covid-19 pandemic the process had stalled.

Furthermore, Permana added that aside from discussing the plan to increase capital in the FSA, he also discussed the management’s business plan and the company’s financial capability.

As additional information, actually on February 4, 2020 OJK Chairman Wimboh Santoso said that at the time the investor’s entry into Muamalat Bank had found an illumination point and the FSA had also given the blessing to potential investors, the Al-Falah consortium.

He said this process would take place as quickly as possible. Because all that remains is to complete the information, documentation, and so on.

Read Also: Banks are preparing to spur credit in the second semester

Just so you know, Al Falah is a company established under Singapore law. The company is owned and founded with Ilham Akbar Habibie and CP5 Hold Co 2 Limited, an investment company that is 100% indirectly owned by SSG Capital Management Limited for the purpose of investing in Muamalat Bank. SSG is an alternative asset management company with US $ 5 billion in assets under management.