Here is BCA's Explanation Regarding the Issue of the Government Acquiring 51% of BBCA's Shares

Jakarta, IDN Times - PT Bank Central Asia Tbk (BBCA) or BCA explained that the alleged manipulation in the purchase of 51 percent of BCA's shares by Djarum, valued at around Rp5 trillion in 2003, is untrue. The share purchase was suspected to have violated the law since BCA's market value at that time was estimated at around Rp117 trillion.

"Rp117 trillion, often mentioned in the narrative, refers to the total assets, not the company's market value," said BCA's Corporate Secretary, I Ketut Alam Wangsawijaya, as quoted from the Indonesia Stock Exchange (BEI) information disclosure, Friday (22/8/2025).

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1. BCA market value of Rp10 trillion

As for determining the market value, the company's stock price on the stock exchange is multiplied by the total number of outstanding shares. In line with this, at the time of the process strategic private placement It is done, the market value of BCA based on the average stock price at BEI is approximately Rp10 trillion.

Ketut also added that the acquisition tender process carried out by the FarIndo consortium was transparent and accountable under the supervision of the National Bank Rehabilitation Agency (BPPN).

Thus, the acquisition value of BCA reflects the market conditions at that time.

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2. BCA denies having a debt of Rp60 trillion to the state and is installment Rp7 trillion per year

In addition, BCA denied the news stating that the company has a debt of Rp60 trillion to the state and is being repaid at Rp7 trillion per year. According to Ketut, these figures are government bonds' assets owned by BCA. All of them were completed in 2009 according to applicable regulations and laws.

"The information stating that there was a legal violation in the BCA stock acquisition is false. The process was carried out according to market mechanisms and regulations," said Ketut.

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3. The issue of the government acquiring 51 percent of BCA shares emerged

Previously, there were rumors about the government's potential to take over 51 percent of the shares of Indonesia's largest private bank.

As for the plan, it relates to the Bank Indonesia Liquidity Assistance debt, also known as BLBI, from the past.