Four Digital Banks to Raise Funds through Rights Issue

By Editorial Team 23/11/2021
fintech competition
Summary

Several digital banks are trying to raise fresh capital from the stock exchange through rights issues. PT Bank Raya Indonesia Tbk (AGRO), previously known as BRI Agroniaga, will issue 1.05 billion new shares or 4.64 percent of the total issued and fully paid shares after the rights issue. The rights issue price is set at Rp 1,100 per share, meaning that Bank Raya will get approximately Rp 1.16 trillion from it.

PT Bank Ina Perdana Tbk (BINA) also aims to raise Rp 1.24 trillion to increase its core capital. There is also a digital bank PT Allo Bank Indonesia Tbk (BBHI), owned by billionaire Chairul Tanjung, which will conduct a rights issue in the near future. Meanwhile, PT Bank Neo Commerce Tbk (BBYB) has also received a clearance from the Financial Services Authority (OJK).

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