Bank Syariah Bukopin Receives IDR 275 Billion Subordinated Financing from Bank Bukopin to Strengthen Capital

Indonesian-based Bank Bukopin has disbursed a subordinated financing worth IDR 275 billion to its subsidiary Bank Syariah Bukopin (BSB) on the 29th of December 2020, according to local media reports.

Based on disclosure on the Indonesia Stock Exchange, the management of Bank Bukopin stated that the action was conducted to strengthen BSB’s capital structure, as well as complete the restructuring of BSB by 2020.

The loan will also increase the additional core capital of BSB and help meet its minimum core capital requirement of IDR 1 trillion. BSB’s core capital was valued at IDR 706,824 billion as at September 2020, well below the IDR 1 trillion requirements, according to local media reports.

According to Dery Januar, President Director of BSB, th...