Jakarta, CNBC Indonesia – August is in a matter of hours coming to an end. This means that 2021 will only have 4 months left. As 2021 passes, mini banking or with a core capital of under Rp 5 trillion is starting to get worse.
This is because deadline The fulfillment of the rules of the Financial Services Authority (OJK) will be getting closer. The regulation 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 at the end of this year and a minimum of IDR 3 trillion at the end of 2022.
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 aka Rural Bank, whose business is certainly more limited than 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.
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 is PT Allo Bank Indonesia Tbk (BBHI) which has a core capital of IDR 1 trillion after the corporate action. rights issue no longer need 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 already in the final stages of their corporate action plan, such as PT Bank Capital Tbk (BACA) which is ready to carry out a corporate action plan. rights issue and raised 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) which are already planning to take corporate actions rights issue this year.
CNBC INDONESIA RESEARCH TEAM
(trp/trp)
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