PT Bank JTrust Indonesia Tbk plans to increase its capital by providing Pre-emptive Rights as much as 4.66 billion shares or 46.60% of the issued and fully paid capital.

The company's official publication on Thursday (17/6) explained that the company must seek shareholder approval for the implementation of this planned transaction at the EGM on July 23, 2021.

The company will use funds obtained from the proposed transaction to fulfill the provisions regarding the minimum core capital of banks by converting deposited funds originating from subordinated loans that have been partially converted and recorded into main core capital.

This transaction plan will increase the company's issued and fully paid capital by converting the partially paid-in capital in the main core capital component of Rp1.09 trillion and supplementary capital of Rp266.624 billion into issued and fully paid capital.

JTrust Co Ltd Japan as the controlling shareholder a