Gozco Capital Boosts Stake in Bank Neo Commerce to 9.31%

Strategic Investment Highlights Digital Banking Growth

PT Gozco Capital, part of the conglomerate controlled by Tjandra Mindharta Gozali, has increased its stake in PT Bank Neo Commerce Tbk (BBYB) to 9.31% through a significant Rp98.12 billion investment. This transaction involved the purchase of 207 million shares at Rp474 per share, bringing Gozco Capital's total holding to 1.24 billion shares.

Financial Performance Improvement

The investment reflects growing confidence in Bank Neo Commerce's digital transformation strategy and its improving financial performance. In 2025, the bank reported a significant turnaround in its financial results. By the end of Q3 2025, Bank Neo Commerce recorded a net profit of Rp464 billion, a substantial increase from Rp4.06 billion in the same period the previous year.

Key Financial Highlights:

• Return on Assets (ROA) improved to 3.45% from 0.03%
• Return on Equity (ROE) rose to 16.96% from 0.16%
• Gross NPL decreased to 2.92% from 3.72%
• Net NPL improved to 0.23% from 0.99%

Business Outlook

Bank Neo Commerce CEO Eri Budiono stated that the increased stake by Gozco Capital reflects growing confidence in the bank's transformation and future prospects. The bank has recently introduced a new corporate identity as it enters 2026, marking five years of digital transformation. The bank remains committed to providing relevant and beneficial financial services to the Indonesian market.