JAKARTA – PT Bank Central Asia Tbk (BBCA) has announced a plan to repurchase (buyback) shares, allocating IDR 1 trillion for this effort.

This move aims to stabilise BBCA’s share price amidst high market volatility.

Raymon Yonarto, Corporate Secretary of BBCA, stated that the buyback will take place from 26 March 2025 to 24 June 2025, or for a maximum of three months, with the possibility of ending earlier, in accordance with applicable regulations.

BBCA will use internal funds to execute the buyback, with a maximum share price of IDR 9,200 per share. The total buyback will not exceed 20% of the company’s paid-up capital, while still adhering to free float regulations.

“The shares repurchased will be recorded as treasury shares,” Raymon explained in an official statement on Thursday (27/3).

BBCA’s share buyback will occur on the Indonesia Stock Exchange (IDX) regular market, with PT BCA Sekuritas acting as the intermediary.

As of Thursday (27/3) trading, BBCA’s shares had declined by 0.29% to IDR 8,500 per share as of 15:58 WIB. However, over the past week, the share price had increased by 2.72%. (EF/KR/ZH)