JAKARTA – PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM), known as Bank Jatim, has reported a series of share purchases by its entire board of directors amid a price correction.

The first transaction was carried out by Zulhelfi Abidin on February 27, who spent IDR 47.4 million to acquire 100,000 shares at IDR 474 per share. This increased his ownership from 0.002% to 0.003%.

Next, on February 28, Eko Susetyono purchased 100,000 shares at IDR 464 per share, with a total transaction value of IDR 46.4 million, raising his ownership from 0.003% to 0.004%.

Busrul Iman, President Director of Bank Jatim, made the largest purchase among the directors, acquiring 428,000 shares at IDR 460 per share, for a total of IDR 196.9 million, raising his ownership from 0.024% to 0.027%.

Four other directors—Edi Masrianto, Arif Suhirman, R. Arief Wicaksono, and Umi Rodiyah—collectively bought shares on March 3.

Edi Masrianto acquired 99,000 shares at IDR 472 per share for IDR 46.7 million, increasing his stake to 0.0058%. Arif Suhirman purchased 105,500 shares at IDR 472 per share, amounting to IDR 49.8 million, raising his ownership to 0.006%.

R. Arief Wicaksono bought 184,000 shares at IDR 472-480 per share, totalling IDR 87.5 million, increasing his stake to 0.007%. Umi Rodiyah made the largest single purchase, acquiring 422,500 shares at IDR 472 per share, spending IDR 199.4 million to increase her stake to 0.006%.

These transactions were intended as investments with direct share ownership status.

On March 3, BJTM's share price closed up 5.73% at IDR 480 per share, though the directors purchased the shares during a period of general downtrend. Since the start of the year, BJTM’s share price has fallen by 12.73% from IDR 550 recorded at the beginning of 2025 (2/1). (ZH)