It turns out that this is the reason Allo Bank (BBHI) has transferred assets and liabilities of Rp341.84 billion to Bank Mega


Based on information disclosure on the Indonesia Stock Exchange (IDX), Wednesday (6/8/2022), the transfer of assets owned by issuers Allo Bank to Bank Mega includes loans (including interest income that will still be received), fixed assets (property and inventory). office), as well as other assets (foreclosed collateral and abandoned properties).

President Director of PT Allo Bank Indonesia Tbk. ( BBHI ) Indra Utoyo explained the reason for the company to transfer certain assets and liabilities to PT Bank Mega Tbk. ( MEGA ). The net transfer price received by Allo Bank was Rp. 341.84 billion. 

Indra conveyed that the purpose of the transfer of assets and liabilities was in line with the change in the company's name from previously named Bank Harda Internasional, which used a conventional bank business model.

" Along with the change in the bank's business model to a digital bank that develops a digital banking service business strategy , all assets and customer portfolios previously owned as conventional banks were transferred to Bank Mega ," said Indra to Bisnis , Thursday (9/6/202) .

Based on information disclosure on the Indonesia Stock Exchange (IDX), Wednesday (6/8/2022), the transfer of assets  owned by digital bank issuers belonging to tycoon CT to Bank Mega  includes loans (including interest income that will still be received), fixed assets (property and office inventory), and other assets (foreclosed properties and abandoned properties).

Meanwhile, liabilities referred to include customer deposits in the form of demand deposits, savings and deposits (including accrued interest).

For your information, the transfer of Allo Bank's assets and liabilities to Bank Mega has also received the approval of shareholders through the Allo Bank Annual General Meeting of Shareholders (AGMS) which was held on 19 May 2022 in South Jakarta.

Indra stated that the transfer of assets and liabilities to Bank Mega made Allo Bank more focused on digital banking services.

"With the transfer of assets and liabilities to Bank Mega, Allo Bank will focus more on services that are more oriented to meeting customer needs by making full use of digital technology," he explained.

As is known, Allo Bank and Bank Mega are affiliated parties because the controlling shareholder (PSP) is the same, namely PT Mega Corpora which owns 60.88 percent of Allo Bank's shares and is also the PSP of Bank Mega which percent owns 58.02 of the shares. 

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