Jakarta, July 30th, 2021 – BCA continues to closely observe the country’s economic development and its dynamics, including stock market trends. As a member of the Indonesia Stock Exchange, BCA is committed to pushing the domestic capital market growth and has decided for a stock split to provide retail investors wider opportunities to invest in the company.
On July 29th, 2021, the Board of Directors & Commissioners Meeting of PT Bank Central Asia Tbk (BCA) had approved the company’s decision for a stock split with a ratio of 1:5 (1 old share for 5 new shares). The company’s share (BBCA) par value will be modified from the current Rp62.50 to Rp12.5 after the stock split. For information, the company's share price was approximately Rp30,000 per share unit at the time of this press release's publication.
"With our decision for a stock split, we hope to offer a more affordable share price for our retail investors, especially younger investors who have just started exploring the stock exchange. It is also part of our support to increase trading liquidity in the domestic capital market," said BCA's President Director Jahja Setiaatmadja.
BCA shall comply with the applicable regulations for its stock split and will acquire shareholders' approval at the Extraordinary General Meeting of Shareholders, scheduled on September 23rd, 2021. After gaining their approval, BCA will coordinate with the Indonesia Stock Exchange to proceed with the stock split, approximately in October 2021.
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About PT Bank Central Asia Tbk (as of 30 June 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of June 2021, BCA has the privilege of serving more than 26 million customer accounts, processing around 41 million of daily transactions through a network of 1,013 branches; 17,721 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 25,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Corporate Secretary & Communication
Public Relations
Address : Jl. MH Thamrin No.1, Menara BCA Lt. 20. Jakarta 10310
Telepon : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : humas@bca.co.id
