Oversubscribed, Bank Neo Commerce (BBYB) Raises IDR 2.5 Trillion Funds from Rights Issue

Reporter: Maizal Walfajri | Editor: Khomarul Hidayat

KONTAN.CO.ID – JAKARTA. Issuance of new shares or rights issue PT Bank Neo Commerce Tbk (BBYB) is oversubscribed (oversubscribed) up to 679 million shares or equivalent to Rp 882.5 billion.

The number of shares offered in the Pre-emptive Rights (HMETD) V is 1.92 billion shares with an exercise value of Rp 1,300 for each share. Thus, the amount of funds that will be received by Bank Neo is Rp. 2.50 trillion.

During the trading period and the exercise of the Preemptive Rights on December 2-8, 2021, as well as the period for the additional share subscription until December 10, 2021, the exercise of the Pre-emptive Rights of Bank Neo was fully absorbed and there was an additional oversubscription of 679 million shares or equivalent to Rp. 882.5 billion.

President Director of Bank Neo Commerce Tjandra Gunawan said, oversubscribed rights issue This is due to the growing public confidence in the performance of Neo Commerce Bank in the last 10 months. Especially after BBYB transformed into a digital bank with the largest number of customers, which until mid-December reached 12.7 million customers.

Also Read: In less than a year, Neo Commerce Bank claims to have 12 million customers

He said, rights issue This succeeded in attracting new investors, while the old investors continued to fully participate in this corporate action. This 2021, Neo Commerce Bank has experienced two times oversubscribed on HMETD IV and HMETD V.

“The high public interest in owning Bank Neo Commerce shares is a form of growing trust from the various stages of transformation into a digital bank for various service innovations and digital banking products that are considered successful by the public. This achievement is important because it means that Neo Commerce Bank has succeeded in obtaining core capital in excess of the provisions required by the OJK,” said Tjandra in a written statement, Wednesday (12/22).

Meanwhile, all the funds obtained from the PUT V will be used for working capital for the company’s business development in the form of investment in information technology, lending, other banking operational activities and strengthening the Company’s capital.

For information, at the end of the implementation period, Bank Neo’s shareholders until December 14, 2021, namely PT Akulaku Silvrr Indonesia with 24.98% ownership, PT Gozco Capital 15.64%, Rockcore Financial Technology Co. Ltd. 6.12%, Yellow Brick Enterprise Ltd. 5.17%, and the remaining 48.08% public shareholders.

For information, Bank Neo Commerce, previously known as Bank Yudha Bhakti, is a national bank that has been active for 30 years in the banking world in Indonesia.

Since 2019, Akulaku has started to become a shareholder of Neo Commerce Bank (BBYB), and in 2020, Neo Commerce Bank transformed into a digital bank, starting with the change of bank name and also the inauguration of Neo Commerce Bank into Book II Bank by the Financial Services Authority (OJK). ).

Also Read: Cooperating with BPAM, Bank Neo Commerce (BBYB) serves mutual fund investment