JAKARTA. PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) has injected extra capital worth IDR 22.5 billion to one of its subsidiaries, PT BJB Sekuritas.

Nancy Adistyasari, Director of Commercial and MSME of BJBR, claimed that this additional capital will raise the total of BJBR’s paid-up capital in BJB Sekuritas to IDR 30 billion. “The ownership percentage is equal to 93.75%,” she further added in the information disclosure.

This extra capital was disbursed by BJBR on January 4, 2023. This capital injection brings BJBR’s portion in BJB Sekuritas up by 14.8% to 93.75%. Prior to this, the company’s stock portion were only 78.95%.

According to IDNFinancials record, BJBR had just secured a rating upgrade from Fitch Ratings Indonesia last November. Its long-term national rating now arrives at “AA-(idn)”, boasting a stable outlook, from the initial “A+(idn).”

In its official statement, Fitch Ratings Indonesia said that BJBR’s default risk expectation is scarce, especially compared to other issuers. “The default risk of this company only slightly differs from other issuers or bonds with the highest rating in said country [Indonesia],” Fitch Ratings Indonesia explained. (KR/ZH)