Bahana handle Bank Muamalat rights issue

PT Bank Muamalat Tbk plans to rights issue to raise IDR1 triliun dan appointed PT Bahana Securities to handle the action.

On the other side, PT Jamsostek (Persero) will use Jamsostek Incorporated, as joint venture of investment firm with ICD, to acquire new banks which will be executed next year. The company is interested to acquire one of the three national banks.

Those three banks include PT Bank Muamalat Indonesia Tbk, PT Bank Agroniaga Tbk and PT Bank Syariah Bukopin. Jamsostek has capital participation to those three banks despite in small amount. Jamsostek now has less than 1% investment at Bank Muamalat, Bank Agro 3%, and Bank Syariah Bukopin sekitar 9%.