JAKARTA. PT Bank Victoria Syariah (BVIS), a subsidiary of PT Victoria Investama Tbk (VICO), has secured additional capital worth IDR 562 billion.

This extra capital was given following the recent issuance of 562 million units of new shares, all of which were acquired by VICO. Thus, with this additional capital investment, VICO’s portion in BVIS now rises to 80.19%.

Meanwhile, the portion of PT Bank Victoria International Tbk (BVIC) in BVIS shrinks to 19.81%, leaving other investors with the small 0.001%.

The management of VICO said that this extra capital distribution is intended to aid BVIS in increasing its core capital, as mandated in the Financial Services Authority Regulation (OJK) No.12/2020. Furthermore, VICO believes that this extra capital raise will enhance product diversification and banking services with certain level of risk appetite.

According to IDNFinancials data, BVIS collected assets of IDR 25.8 billion in total at the end of July 2022, while its equity reached IDR 3.74 billion. (KR/ZH)