Two major banks, PT Bank Rakyat Indonesia Tbk (BRI) and PT Bank Negara Indonesia Tbk (BNI), will gradually exit their positions as shareholders of PT Bank Syariah Indonesia Tbk (BSI). This was announced by the Deputy Minister of State-Owned Enterprises, Kartika Wirjoatmodjo.
However, Tiko, as he is known, stated that Bank Mandiri will remain as the controlling shareholder of BSI. The government is also expected to remain a dual-colored shareholder.
"If BRI or BNI, as shareholders, start to exit, who could replace them and what would their size be?" Tiko said when met by reporters at the Ritz Carlton, as quoted by *Katadata*, Wednesday (15/2/2023).
As of January 31, 2023, Bank Mandiri holds 51.47% of the shares of BRIS (BSI's stock code). BNI owns 23.24% of the shares, while BRI holds 15.38%. The remaining shares are held by the public (9.91%) and the government (1 share).
So, how has the BRIS share price moved over the past month?
According to the Indonesia Stock Exchange (IDX), on January 18, 2023, BRIS shares were still in the green, priced at Rp1,350 per share. However, the next day, it fell into the red, closing at Rp1,340.
After that, it only took a day to boost the BRIS share price. Until January 30, 2023, the price was still in the green, reaching Rp1,380. However, since the beginning of February 2023, the price has often been in the red.
The lowest point was on February 6 and 9, 2023, at Rp1,315. However, by February 15, 2023, when the news of BNI and BRI's exit from BRIS's shareholders broke, the share price strengthened. As of today, its value has reached Rp1,710 per share.
BRIS is among the most actively traded stocks on the IDX. Currently, its trading volume reaches 187 million shares, with a transaction value of Rp316 billion.
According to the RTI Business application, BRIS's market capitalization has even reached Rp79.11 trillion.
(Also read: BRI Most Profitable, Here's the Net Profit of Indonesia's Four Largest Banks in 2022)