Bank Jatim Increases Stake in Bank Lampung After Capital Injection

Acquisition Details

PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM), known as Bank Jatim, has officially become the controlling shareholder of PT Bank Pembangunan Daerah Lampung (Bank Lampung) following approval from the Financial Services Authority (OJK). The OJK approved Bank Jatim's status as controlling shareholder and the East Java provincial government as ultimate shareholder through a capital participation transaction worth Rp100 billion ¹

Financial Impact

The capital injection transaction included share premium of Rp25.37 billion with 2,537,684 shares in the form of capital contribution. The remaining Rp74.62 billion was recorded as share premium. As a result, Bank Jatim's ownership in Bank Lampung increased to 5.42% and was duly recorded in OJK's administrative supervision.

Financial Performance Highlights

Bank Jatim reported 23.51% year-on-year growth in net profit to Rp1.148 trillion for the nine months ending September 2025. This growth was primarily driven by a 28.36% increase in interest income to Rp7.42 trillion, compared to Rp5.78 trillion in Q3 2024. Despite a 26.52% rise in interest expenses to Rp2.32 trillion, the bank's net interest income grew 29.25% to Rp5.1 trillion.

Asset Quality and Credit Growth

While the bank saw an 80.64% increase in impairment losses to Rp1.245 trillion, total credit extended by Bank Jatim grew 29.02% year-on-year to Rp80.25 trillion as of September 2025. The 66.28% increase in loan loss provisions to Rp2.7 trillion accompanied this credit growth.

Strategic Implications

This acquisition strengthens Bank Jatim's position in regional banking while demonstrating the bank's commitment to expansion through strategic investments. The increased stake in Bank Lampung aligns with Bank Jatim's growth strategy in the Indonesian banking sector.