Market absorption is getting better in line with the sustainable economic recovery. Therefore, several banks have stated their readiness to increase capital through a rights issue scheme in 2022.
For example, PT Bank Negara Indonesia (Persero) Tbk. (BBNI) is optimistic that this year’s rights issue will be fully absorbed by the market.
This was conveyed by the Corporate Secretary of BNI Mucharom, who explained that the company’s rights issue plan was still in the preparation stage. BNI continues to build communication with relevant stakeholders and waits for the right moment.
They see this year as a very good momentum for the development of BNI’s organic business. On the other hand, investors have also seen BNI’s excellent performance last year. “With this year’s business plan, we are sure that investors will also believe in the issuance of shares in the future,” he said.
Furthermore, PT Bank Neo Commerce Tbk. (BBYB) also plans to conduct a rights issue again by targeting fresh funds of Rp. 5 trillion this year. The action will be carried out in the second quarter of 2022, which was previously planned to be held in the first quarter of this year.
“We planned to do it in the first quarter, but for one reason or another we postponed it to the beginning of the second quarter, possibly between April or May,” said Bank Neo Commerce President Director Tjandra Gunawan recently.
Furthermore, PT Bank Ganesha Tbk. (BGTG) will also conduct a rights issue in March 2022 with an exercise price of Rp. 200 per share. The banking issuer with the code BGTG is targeting to get fresh funds of IDR 1.1 trillion from this action. In which, Bank Ganesha will issue a maximum of 5.5 billion shares with a nominal value of IDR 100 per share.
Deputy Executive Director of the Institute for Development of Economics and Finance (Indef) Eko Listiyanto explained that the rise of rights issues carried out by banks, especially banks pursuing the minimum core capital requirement of IDR 3 trillion required by the Financial Services Authority (OJK).
Therefore, the small banks that do not meet the minimum capital requirements set by the OJK need to increase their capital. One of them is through a rights issue.
Meanwhile, several banks whose capital is above Rp3 trillion are also aggressively conducting rights issues due to expansion and diversification of capital.
Furthermore, apart from investment and future business expansion, the banking rights issue can also increase the amount of capital for small banks to meet regulatory requirements. From the perspective of potential investors, so far they have held back for investors because conditions have not been stable.
