BCA was officially established on February 21, 1957 as Bank Central Asia NV. Much has passed since the founding, and perhaps most significant is the financial crisis that occurred in 1997.
This crisis brought a tremendous impact on the overall banking system in Indonesia. However, in particular, this condition affects BCA's cash flow and even threatened its survival. Many customers panicked and rollicking withdraw their funds. As a result, the bank was forced to seek assistance from the Indonesian government. Bank Restructuring Agency (IBRA) took over BCA in 1998.
Thanks to the wisdom of the business and making wise decisions, BCA successfully recovered in the same year. In December 1998, the third-party funds have returned to pre-crisis levels. BCA's assets reached Rp 67.93 trillion, while in the month of December 1997 only Rp 53.36 trillion. Public confidence in BCA was fully restored, and BCA handed over by IBRA to Bank Indonesia in 2000.
Subsequently, BCA took a major step by becoming a public company. The IPO took place in 2000, by selling shares of 22.55% from IBRA divested. After the IPO, IBRA still controls 70.30% of all shares of BCA. The second stock offering took place in June and July 2001, with IBRA divesting 10% of its interest in BCA.
In 2002, IBRA divested 51% of its shares in BCA through a strategic private placement tender. Farindo Investment, Ltd.., Based in Mauritius, won the tender. Currently, BCA continues to strengthen the tradition of good corporate governance, full compliance with regulations, sound risk management and commitment to customers both as a transactional bank as well as financial intermediary institutions.
Tidak ada komentar:
Posting Komentar