Jakarta - PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (BJBR) plans to increase its capital with pre-emptive rights of up to 925 million series B shares or 9.40% of the issued and fully paid capital in the company in the first quarter of 2022.

According to the President Director of Bank BJB, Yuddy Renaldi, the corporate action plan aims to increase the company's credit penetration this year.

"The rights issue is the right step to strengthen the company's capital, to increase the company's credit penetration capability this year. This scheme is carried out at a price that will be determined later, taking into account the company's fair price assessment, " said Yuddy in an official statement on Tuesday (11/1).

He added that the rights issue plan was approved at the Annual GMS on April 6, 2021. The company will use all proceeds from the rights issue to strengthen the capital structure for the company's credit expa