JAKARTA – PT Allo Bank Indonesia Tbk (BBHI) announced that the proceeds from its Limited Public Offering III (PUT III), or right issue, conducted on January 26, 2022, have been fully utilized. The total funds raised from PUT III amounted to IDR 4.8 trillion.

Ari Yanuanto Asah, Director of Allo Bank, stated that after deducting implementation costs of IDR 2.22 billion, the remaining funds from PUT III totaled IDR 4.8 trillion. These funds have been allocated in line with the initial plan.

The breakdown of fund usage is as follows: 85% or IDR 4.08 trillion was allocated for credit financing to customers, 10% or IDR 480 billion was directed towards IT infrastructure development, and the remaining 5% or IDR 240.02 billion was used for operational development of the company.

In addition, BBHI is projecting double-digit loan growth in 2025, with a minimum target of 10 percent.

Indra Utoyo, President Director of BBHI, emphasized that this projection is based on the company’s analysis of potential opportunities and challenges.

“This target aligns with our commitment to delivering superior value to shareholders, while continuing to prioritize prudent banking practices,” he concluded.

With the successful realization of the right issue fund allocation and a strong development strategy, BBHI remains optimistic about sustaining growth in the coming years. (DK/ZH)