Friday, 16 November 2018 | 01:30 WIB

BCA Set to Acquire Two Banks in September 2018, With These Scenarios

President Director of BCA Jahja Setiaatmadja.

JAKARTA, NNC - PT Bank Central Asia Tbk (IDX:BBCA) or BCA continues to consolidate banks in accordance with the direction of the regulator, i.e., planning acquisition of two small banks.

BCA President Director Jahja Setiaatmadja admitted that his party is processing the purchase of two small banks, whose certainty will be announced in September.

Jahja explained in the process of acquisition later BCA is preparing a number of scenarios. First, the bank will take over another bank which then is merged with BCA.

Second, BCA will also acquire one more bank to be used for the development of digital banking.

"BCA's consideration in combining one bank which becomes target of this acquisition is to facilitate the tax and human resources management," Jahja said in a halal bihalal (social gathering) event with the media at Grand Hyatt, Jakarta, Wednesday (7/11/2018).

Thus, with this, BCA only needs to focus on making another bank as a digital bank.

The acquisition fund for these two banks will be combined with funds for subsidiary development. This year, BCA has prepared IDR4.5 trillion for the development of its subsidiaries.

Unfortunately, Jahja has not revealed the identity of the target banks of this acquisition. However, clearly related to the acquisition of these two small banks, BCA has communicated with the Financial Services Authority (OJK) informally.