PT Bank MNC International Tbk (BABP) plans to increase capital with Pre-emptive Rights to shareholders of a maximum of 14.234 billion series B shares with a nominal value of Rp50 per share or 33.33% of the paid-up capital after the additional capital with rights issue is implemented.

Based on the brief prospectus published on Tuesday (4/5), the company will carry out the plan after obtaining the approval of the General Meeting of Shareholders and the declaration of effective registration from the OJK or not more than 12 months.

The company will use proceeds from the rights issue to strengthen its capital structure, working capital, credit expansion and support the company's transformation into a digital bank.

In addition to the rights issue plan, MNC Bank will also increase capital without pre-emptive rights or private placement by issuing as many as 2.533 billion series B shares with a nominal value of Rp50 or 10% of all fully paid shares in the co