JAKARTA - PT Bursa Efek Indonesia (BEI) and PT Pemeringkat Efek Indonesia (Pefindo) launched IDX-Pefindo Prime Bank Index yesterday (29/9). This index consists of 10 bank issuers that have investment grades ranging from “idAAA” to “idBBB-“ according to Pefindo.

In the information disclosure quoted Tuesday (3/9), it was revealed that constituents of this newly launched index are PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Danamon Tbk (BDMN), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank CIMB Niaga Tbk (BNGA), PT Bank Syariah Indonesia Tbk (BRIS), PT Bank BTPN Tbk (BTPN), PT Bank OCBC NISP Tbk (NISP), and PT Bank Pan Indonesia Tbk (PNBN).

The selection of the constituents is made based on the highest grading of several factors, including rating, total assets, liquidity, market capitalisation, valuation, and legal. Evaluation of this index will be conducted periodically and incidentally, particularly when there are significant changes in the number of shares, stock delisting, and stock suspension. (LK/ZH)