Background
A Glimpse of Bank Bumiputera
1990
Bank Bumiputera commenced its operation on 12th January 1990 as a company owned by AJB Bumiputera 1912, the oldest life insurance in Indonesia. In the course of its business, the business has gone up and down following the economic condition in Indonesia. However, during the monetary crisis developing to a multidimensional crisis occurring in Indonesia at the end of 90s, Bank Bumiputera was able to maintain itself as a solvent Bank of Category A and did not need recapitalization. As a bank surviving the storm of banking crisis, Bank Bumiputera was able to manage a solvent banking business based on the principle of good corporate governance, by practicing the principles of professionalism, transparency, responsibility, accountability and fairness.
2002
Bank Bumiputera went public and the shareholding structure at the time was as follows: AJB Bumiputera 1912 (37.50%), PT. Cipta Usaha Citra Dana (37.50%) and Public (25.00%). A year later, the company’s identity was sharpened and its name was shortened to “Bank BP” to facilitate the consumers to know and remember it. Now, Bank BP is continuously developing into a bank oriented to fulfillment of the need of financial service to all family members: “Family’s Best Friend Bank – Smart & Joyful Partner” having the capital of national personality, warmness, smartness and confidence of the public served.
Whereas the capitalization structure becomes as follows:
- Authorized Capital: Rp.500,000,000,000.-
- Subscribed and Paid-up Capital: Rp.200,000,000,000.-
- Shares in Portfolio: Rp.300,000,000,000.-
2003
The shares held by Public at 25.00% was taken over by PT. Reksatama Dinamika (8.00%), PT. Reksasentosa Dinamika (8.00%) and the remaining 9.00% was still held by the public.
2004
Based on Deed of Acquisition No.8 dated 12th July 2004, drawn up before DR.A. Partomuan Pohan, SH., LL.M., Notary in Jakarta, some shares held by the Company’s shareholders were acquired, namely:
- 160,000,000 shares or 8% held by PT. Reksasentosa Dinamika;
- 160,000,000 shares or 8% held by PT. Reksatama Dinamika; and
- 98,286,000 shares or 4.91% held by PT. Danareksa.
The total 1,158,286,000 shares based on the Deed of Acquisition were acquired by Che Abdul Daim son of Haji Zainuddin (Tun Daim Zainuddin), and after the foregoing acquisition, the Company’s shareholders structure became as follows:
- AJB Bumiputera 1912 of 820,415,000 shares or at 41.02%
- Che Abdul Daim son of Haji Zainuddin (Tun Daim Zainuddin) of 1,158,286,000 shares or at 57.91%
- The public of 21,299,000 shares or at 1.07%.
2006
Based on a resolution of RUPSLB on 15th December 2005, the Company increased its authorized capital from Rp.500 billion to Rp.2 trillion and the paid-up capital from Rp.200 billion to Rp.500 billion by Limited Public Offer I to the shareholders in the framework of Rights Issue (“Rights”) complete with the issue of Series I Warrant.
2007
Based on the approval of Bank Indonesia No.9/34/GBI/DPIP/Confidential dated 1st May 2007, on 8th May 2007 the sale of the entire shares and warrants owned by Tun Daim Zainuddin in Bank Bumiputera was exercised, based on Transfer of Shares Agreement dated 25th September 2006, signed by and between Tun Daim Zainuddin as the seller and ICB Financial Group Holdings AG as purchaser.
