J Trust Reduces Stake in Bank JTrust Indonesia through Repo Transaction

Significant Stake Reduction

J Trust Co., Ltd., the controlling shareholder of PT Bank JTrust Indonesia Tbk. (BCIC), has reduced its stake in the bank from 72.23% to 67.38% through a repurchase agreement (repo) transaction ¹

Transaction Details and Implications

The transaction resulted in J Trust's shareholding decreasing from 13.08 billion shares to 12.20 billion shares. Despite this reduction, J Trust remains BCIC's controlling shareholder, maintaining more than two-thirds of the bank's shares. The company has stated that the transaction was conducted for investment purposes and has assured that it will maintain its controlling stake in Bank JTrust Indonesia.

Market Reaction

The news had an immediate impact on BCIC's stock price. On January 12, 2026, BCIC shares surged 19.35% to Rp222 per share by 14:52 WIB, reaching their highest level in 52 weeks at Rp242 per share during the trading session ²

Strategic Considerations

While J Trust has reduced its stake, it continues to maintain control over BCIC's strategic direction and policies. The repo transaction structure allows J Trust to potentially reacquire the shares in the future. This move reflects the parent company's financial management strategy while maintaining its controlling position in the Indonesian banking subsidiary.