Jakarta - PT Bank Bisnis International Tbk (BBSI) plans to increase its capital with Pre-emptive Rights III to as many as 465.082 million shares, representing 14.06% of the company's paid-up capital.

Based on the company's prospectus published on Wednesday (10/8), the plan to implement the third rights issue is at the end of the second semester of this year.

The corporate action plan is to meet the provisions of POJK 12/2020 in Chapter IV regarding core capital and minimum CEMA, where the company intends to fulfill core capital by 2022 of Rp3 trillion.

In addition, the additional capital raised through the rights issue can also be used to strengthen the company's capital structure and as additional working capital to support the company's business activities as a non-foreign exchange private commercial bank, especially in the context of providing loans to customers which it will realize in stages.

A maximum of 12.33% will