Bank Jakarta president director Agus Haryoto Widodo said the company was preparing for an IPO and would carry out the process gradually before entering the capital market.  

“Bank Jakarta’s IPO is currently in process. The target is set for June 2027, but it depends on the [market] situation,” said Agus on Friday, as quoted by Bisnis. 

He emphasized that the IPO target could shift with capital market dynamics and future business conditions, as the firm looks for the right moment to go public. 

Bank Jakarta has taken several steps to advance its IPO plan, including setting a target to achieve a net profit of Rp 1 trillion (US$56.4 million) this year. 

According to Agus, this year marked an execution phase for the company after focusing on strengthening its structure throughout 2025. The fundamental strengthening effort had also been touted as part of the bank’s preparation before becoming a publicly listed company. 

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

View More Newsletter

By registering, you agree with The Jakarta Post's Privacy Policy

Sign Up

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

IDX assessment director Saidu Solihin previously revealed that the bourse had been informed of Bank Jakarta’s plan to go public. 

Popular

Freezing of protester’s bank account draws flak

Growing regional discontent

Indonesia’s rare earth push faces low-content, costly extraction hurdles