Jakarta, CNBC Indonesia – KB Kookmin Bank has an ambition to become the sole controlling shareholder with a share of 67% ownership in PT Bank Bukopin Tbk (BBKP) through a non-preemptive private placement mechanism.
However, KB Kookmin Bank, which is currently the largest shareholder, requires shareholder approval at the Extraordinary GMS on Tuesday, August 25, 2020.
President Director of Bank Bukopin Rivan A. Purwantono said that with a capital injection that has been given more than US $ 200 million in accordance with the non-preemptive private placement and an additional US $ 400 million is expected to strengthen Bank Bukopin’s liquidity. Kookmin is confident that he can bring the stability that Bank Bukopin has long been waiting for. The liquidity assistance is expected to strengthen the foundation of Bank Bukopin to continue to grow.
“Therefore, the decision of the shareholders in the EGMS which will be held on August 25, 2020 must be successfully ratified with the support of strong minority shareholders,” said Rivan in a press release, Monday (24/8/2020).
Meanwhile, KB President & CEO Hur Yin said, KB will take full responsibility for Bank Bukopin. Kookmin will restructure the future of Bank Bukopin and create a transparent bank in Indonesia
In the future, Kookmin will perfect the Human Resources team of Bank Bukopin who will work together to improve performance. Kookmin plans to create a Recovery Team that will be tasked with optimizing Bank Bukopin’s balance sheet performance.
Furthermore, Kookmin also plans to present a Digital Team (a collaboration between IT Bank Bukopin and KB Kookmin Bank) which functions to create a cutting-edge platform and New Customer Experience services for customers, especially those in the Retail segment and other business partners.
Kookmin believes that the transformation that will occur at Bank Bukopin, with his support, can set new banking standards in the National banking industry regarding what Indonesian financial services institutions can do for their customers and shareholders.
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