Jakarta Governor Pushes for Bank Jakarta IPO in 2027

Governor's Support for IPO Plan

Jakarta Governor Pramono Anung is strongly supporting Bank Jakarta's plan to conduct an Initial Public Offering (IPO) in early 2027. The bank is currently undergoing comprehensive preparations, including fundamental improvements and appointing consultants to facilitate the IPO process ⁴

Funding Target and Usage

The IPO aims to raise Rp3 trillion in fresh funds. Governor Pramono believes that becoming a publicly listed company will make Bank Jakarta more professional and transparent, reducing its dependence on individual stakeholders and government intervention ³

Additional Government Support

In a related development, Governor Pramono has requested the Ministry of Finance to provide an additional Rp20 trillion government deposit to Bank Jakarta. This follows an initial deposit of Rp1 trillion made in November 2025, which was fully disbursed within a week ¹

Preparation and Coordination

Bank Jakarta's management, led by CEO Agus H. Widodo, is working closely with various stakeholders, including Bank Indonesia and the Financial Services Authority (OJK), to ensure a smooth IPO process. The bank has previously postponed its IPO plans due to market conditions and political factors ⁶