JAKARTA. PT Bank MNC Internasional Tbk (BABP) has officially become an administrator of Rekening Dana Nasabah (RDN) or stock trading accounts, joining 22 other banks.

For the record, RDN is an account intended for investors’ trading activities in Indonesia Stock Exchange (IDX). BABP’s ask as RDN administrator will take effect until 2029.

Rita Montagna, President Director of BABP, mentioned that the company will work together alongside MNC Sekuritas for the initial phase of RDN service development.

“In addition, we will also integrate RDN with MotionBank, thus enabling RDN balance top-up through MotionBank in a more practical fashion,” said Montagna.

Montagna further said that RDN service will grant new opportunities for BABP to secure new users. “MNC Bank will be more active in providing financial literacy education to the masses, students, and communities regarding the importance of investment,” she added.

“These efforts are projected to be able to accelerate the growth of Indonesian investors in the future,” Montagna continued.

As of June 2024, total investors in the domestic stock market have reached 13 million, and they have reported average growth of 38.7% per annum since 2020. (KR/ZH)