Executive Summary

Key insights and market outlook

PT Bank Pembangunan Daerah Jawa Timur Tbk. (BJTM) or Bank Jatim has acquired Rp742.82 million worth of shares in PT Bank Pembangunan Daerah Banten Tbk. (BEKS) or Bank Banten ¹

. This acquisition is part of the formation of a Business Group (KUB) between the two banks, as mandated by OJK Regulation POJK 12/POJK.03/2020. Bank Banten will hold an Extraordinary General Meeting of Shareholders (RUPSLB) on November 28, 2025, to discuss this development and the bank's recovery plan.

Full Analysis

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Deep Dive Analysis

Bank Jatim Acquires Stake in Bank Banten as Part of KUB Formation

Strategic Investment for Business Group Consolidation

PT Bank Pembangunan Daerah Jawa Timur Tbk. (BJTM), or Bank Jatim, has made a significant investment in PT Bank Pembangunan Daerah Banten Tbk. (BEKS), or Bank Banten, acquiring shares worth Rp742.82 million on November 5, 2025 ¹

. This transaction was conducted through the secondary market at a price of Rp27 per share, totaling 27,511,900 shares or 275,119 lots ¹.

Rationale Behind the Acquisition

The acquisition is part of the formation of a Business Group (KUB) between Bank Jatim and Bank Banten, as required by Otoritas Jasa Keuangan (OJK) Regulation POJK 12/POJK.03/2020 regarding Bank Consolidation ¹

². This strategic move aims to strengthen the capital base and operational efficiency of both banks.

Upcoming Shareholder Meeting

Bank Banten is set to hold an Extraordinary General Meeting of Shareholders (RUPSLB) on November 28, 2025, at Gedung Pendopo Gubernur Banten ²

. The meeting will discuss two key agenda items:

Approval of Bank Jatim as the second Controlling Shareholder and parent bank of Bank Banten's Business Group (KUB) as per OJK regulations.
Approval of the bank's recovery action plan in accordance with prevailing regulations.

Financial Overview

As of Q3 2025, Bank Banten's core capital (Tier 1) stood at Rp1.29 trillion, while its supplementary capital (Tier 2) was recorded at Rp38.31 billion, resulting in total capital of Rp1.33 trillion ¹

. Meanwhile, Bank Jatim reported a net profit of Rp1.148 trillion for the nine months ending September 2025, representing a 23.51% year-on-year increase compared to Rp930.06 billion in the same period last year.