PT Bank MNC Internasional Tbk (BABP) will conduct a rights issue to develop motion banking and target 30 million new customers within five years.

Based on the information disclosure of the Indonesia Stock Exchange (IDX), Thursday (17/6) limited public offering VIII (LPO VIII), MNC Bank will issue a maximum of 14.23 billion series B shares with a nominal value of Rp50 per share or 33.33% of the issued and fully paid capital of the company after the LPO VIII.

As for the additional capital through a rights issue, Bank MNC is still negotiating with investors.

"There are quite a lot of people who are interested, of course they will look for those who can provide added value," said Bank MNC management.

The company sees funding as necessary in building and developing MotionBanking to grow even faster in the future.