JAKARTA – The directors of PT Bank Negara Indonesia (Persero) Tbk (BBNI) took advantage of the declining stock price by making significant share purchases.

BBNI's President Director, Royke Tumilaar, and Director of Digital and Integrated Transaction Banking, Hussein Paolo Kartadjoemena, increased their shareholdings in the state-owned bank by a total of 430,100 shares.

Royke Tumilaar purchased 186,200 BBNI shares at IDR 4,030 per share, spending IDR 750.38 million. With this transaction, Royke's ownership in BBNI increased to 6,204,141 shares, equivalent to 0.0166% of the total outstanding shares.

Meanwhile, Paolo made two transactions: 243,900 shares at IDR 4,100 per share and 24,400 shares at IDR 4,110 per share. Following these purchases, Paolo's ownership grew to 3,075,911 shares or 0.08% of the total shares.

"In total, Paolo bought 268,300 shares valued at around IDR 1.1 billion," Royke stated in a disclosure on Friday (7/3).

According to the disclosure, both transactions were completed on February 28, 2025 for investment purposes.

In the last five days, BBNI's stock price rose 8.83%. However, in the first trading session on Friday (7/3), by 9.10 AM WIB, BBNI's share price had dropped 1.96% to IDR 4,490 per share. (DK/ZH)