Bank Banten and Bank Jatim Form Strategic Business Group

Enhanced Financial Stability Through KUB Formation

PT Bank Pembangunan Daerah Banten (Perseroda) Tbk. (BEKS) and PT Bank Pembangunan Daerah Jawa Timur Tbk. (BJTM) have officially established a Business Group (KUB) effective December 15, 2025. The formation follows approval from the Financial Services Authority (OJK) as stated in their letter No.S-229/KO.14/2025.

Key Benefits of the Business Collaboration

The KUB formation brings substantial benefits to Bank Banten, including:

1. Capital and liquidity strengthening through support from Bank Jatim, a financially strong regional bank
2. Improved governance and risk management through expertise sharing and best practices implementation
3. Enhanced banking services through expanded product offerings and digitalization efforts
4. Synergistic opportunities in technology and business development

Implementation Details

The establishment of the KUB was formalized through an Extraordinary General Meeting of Shareholders (RUPSLB) where Bank Jatim was appointed as the second controlling shareholder and parent bank. This decision was made in compliance with OJK Regulation 12/POJK.03/2020 regarding bank consolidation.

Investment and Ownership Structure

In November 2025, Bank Jatim acquired BEKS shares worth Rp742.82 million, purchasing 27,511,900 shares at Rp27 per share. This investment was part of the KUB implementation process, making Bank Jatim a significant shareholder in Bank Banten.

Future Prospects

The collaboration is expected to position Bank Banten for sustainable growth while maintaining financial health. The partnership leverages Bank Jatim's experience and resources to enhance Bank Banten's capabilities across various business areas.