JAKARTA - PT BPD Jawa Barat dan Banten Tbk (BJBR) will become one of the controllers of BPD Bank Maluku and North Maluku (Maluku Malut). This plan will be realized after approval from the Financial Services Authority (OJK).

In a press release quoted on Thursday (5/10), Widi Hartoto, Head of Corporate Secretary of Bank BJB said that the company would become the holding company of Bank Maluku Malut with the concept of joint control with the Maluku Provincial Government if approved by the OJK. "For the nominal capital participation, a study process will be carried out first, including carrying out due diligence so that a reasonable implementation price is obtained," he said.

According to him, synergy between BPDs will be easy to implement without losing the regional characteristics of each BDP because they have similar business models, ecosystems and stakeholder characteristics.

The synergy process between BPD, he said, could be carried out in parallel with the implementation process of the Bank Business Group (KUB). Bank Maluku Malut and other KUB members will gain access to infrastructure development carried out by other companies, including Information Technology (IT) and corporate knowledge.

The participation of Bank Maluku Malut in KUB Bank BJB is stated in a memorandum of understanding signed yesterday (4/10). The KUB scheme will begin with a capital deposit from Bank BJB to Bank Maluku Malut, which will become one of the shareholders with voting rights.

The KUB structure of Bank BJB includes Bank BJB Syariah with BJBR ownership of 99.24% (effective), Bank Bengkulu with ownership of 7.15% (in final process), Bank Sultra and Bank Maluku Malut in process (no ownership yet). (LK/LM)