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Bank Neo Commerce eyes Rp 2.5 trillion from rights issue
According to BNC’s prospectus, the company will offer 5 billion shares at a nominal value of Rp 100 each in the rights issue but has yet to decide on the selling price.
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Bank Neo Commerce president director Tjandra Gunawan leads a media briefing in Jakarta in this undated photo. (Courtesy of Bank Neo Commerce/-)
B
ank Neo Commerce (BNC) aims to raise Rp 2.5 trillion (US$175.7 million) through a rights issue on Thursday to comply with Financial Services Authority (OJK) rules for digital banks.
BNC president director Tjandra Gunawan said the digital bank planned to have Rp 3 trillion in core capital by the end of the year, exceeding the OJK’s Rp 2 trillion capital requirement.
“Fulfilling this requirement is not just for the OJK, but it's also part of our digital bank transformation process,” he said during an online press conference on Monday.
As of June, the company’s core capital stood at Rp 1.14 trillion.
According to BNC’s prospectus, the company will offer 5 billion shares at a nominal value of Rp 100 each in the rights issue but has yet to decide on the selling price.
The OJK recently issued a regulation requiring digital banks to have at least Rp 2 trillion in capital by the end of the year and Rp 3 trillion by the end of 2022.
Read also: Indonesia sharpens legal framework for digital banking
