PT Bank Permata Tbk (BNLI) plans to increase its capital by conducting a limited public offering IX or rights issue of up to 88 billion class B shares.

Referring to the brief prospectus published on Wednesday (10/3), the additional capital from the Preemptive Rights will strengthen the company's capital structure and resilience to face the potential for increased business risk, meet regulations on minimum capital, and support business growth.

To realize this corporate action, the company will ask for shareholders' approval at the Extraordinary General Meeting of Shareholders, held on April 27, 2021.

The increase in the company's capital in the long term is expected to provide business competitiveness and increase investment returns for the company's shareholders.

The company will use all funds obtained from this corporate action to strengthen its capital structure and entirely finance credit increases and other productive assets for business development.