JAKARTA – PT BPD Jawa Barat dan Banten Tbk (BJBR) decides to postpone the rights issue plan to be discussed in the upcoming Annual General Shareholders Meeting on April 4, 2023.

Yuddy Renaldi, President Director of BPD Bank Jabar dan Banten, confirmed that the company has cancelled the plan of capital raise with pre-emptive rights II in the annual shareholders meeting of 2022. “Considering our current capitalisation ratio, we believe we have an adequate capital to support credit expansion,” he said in the information disclosure quote Tuesday (14/3).

Previously, BJBR is said to issue a maximum of 1.83 billion series B shares of IDR 250 each. They are equal to 1.45% of total issued and paid-up capital of BJBR during rights issue. Then, the shareholders who choose not to exercise their rights in this corporate action will have their portions diluted by 14.86%.

Prior to rights issue, BJBR recorded series A of its authorised capital worth IDR 2.4 trillion, its issued and paid-up capital (series A) of IDR 1.85 trillion, and the series A shares in its portfolio of IDR 54.32 billion. Furthermore, series B of its authorised capital clock up to IDR 1.6 trillion, followed by its issued and paid-up capital (series B) of IDR 776.68 billion, and the series B shares in its portfolio of IDR 823.31 billion.

Until December 2022, BJBR managed to disburse credits of IDR 10.34 trillion, shifting 12.89% year-on-year (yoy) higher from 2021’s record. Then, its non-performing loan (NPL) shrank 1.16% yoy to IDR 1.24 trillion. (LK/ZH)