Jakarta June 30, 2021
PT Bank Multiarta Sentosa Tbk (MASB) today took the floor on the Indonesian Stock Exchange after completing the initial public offering and listing stages by releasing 186,176,500 (one hundred eighty-six million one hundred seventy-six thousand and five hundred) shares with a nominal value of IDR 1,000 per share on the Indonesia Stock Exchange. The set IPO price is IDR 3,360 per share, so the total value of the shares offered is IDR 625,553,040,000 (six hundred twenty-five billion, five hundred fifty-three million, forty thousand rupiahs).
Bank MAS, whose 70% ownership has been controlled by the Wings Group since December 2013, received an effective license from the Financial Services Authority on June 22, 2021, and the public offering, which was held on 24-28 June, received a positive response from investors.
The issuance of a 1:1 Warrant accompanied this IPO. One IPO share gets 1 warrant which can be converted into shares from January 2022 to June 2022 at IDR 3,500 per share.
Bank MAS's IPO is a step to strengthen the company's capital to support the bank's future development and fulfill the minimum paid-up capital requirement of IDR 3 trillion as required by the OJK through POJK provisions Number 12/POJK.03/2020 concerning the Consolidation of Commercial Banks. 85% of the IPO will be used to strengthen capital in credit development and 15% to develop the company's digital banking services.
Apart from conventional banking products to support the productive commercial sector with particular attention to Small and Medium Enterprises and foreign exchange services to support export, import, and international trade, electronic and digital services have begun to be developed by Bank MAS: including ATM services where Bank MAS provides convenience for Bank MAS customers with Free Cash Withdrawal Fees at ATMs of other banks. Internet Banking services for corporations and individuals and Mobile Banking services with various attractive features make it easier for customers to access their funds for transactions anywhere, anytime. Bank MAS provides the convenience of Free Transfer Fees between banks in Indonesia from Bank MAS Mobile Banking.
In the future, besides promoting credit distribution to support productive sectors in Indonesia, Bank MAS plans to continue improving digital banking services. Starting with the Laku Pandai service to help banking inclusiveness through Agent Banking; following QRIS & Virtual Accounts to facilitate payment transactions; Online Onboarding for account opening without having to go to a branch; Online loans at Bank MAS Mobile Banking; and Open Banking API to open collaboration and connectivity with various institutions.
Bank MAS will develop a broad Group Wings ecosystem through digital banking services. This ecosystem development will also be applied to other customer groups to serve companies, supply chains, and employees in the ecosystem.
Overview of PT Bank Multiarta Sentosa Tbk
PT Bank Multiarta Sentosa or better known as Bank MAS obtained a business license as a Non-Foreign Commercial Bank through a Decree of the Minister of Finance of the Republic of Indonesia Number 1093/KMK/017/1992 dated October 15, 1992, and a business license for Foreign Exchange Trading through a Decree of the Director of Licensing and Bank Indonesia Banking Information Number 5/4/KEP.Dir.PIP/2003 dated December 24, 2003, and began operating on January 11, 1993.
Towards the end of 2013 became a new chapter for Bank MAS, including Bank MAS as part of the Wings Group, one of Indonesia's most prominent groups. At the end of 2013, the shareholders made a capital deposit of IDR 900,000,000,000, - (nine hundred billion rupiahs). The total paid-up capital at the end of 2014 was IDR 1,055 billion, so Bank MAS is classified in BUKU 2 (two).
Bank MAS began operating as a Foreign Exchange Bank in 2016, so Bank MAS is ready to serve customer needs for foreign exchange and export-import transactions. In the same year, the company started operating Internet Banking facilities which Mobile Banking facilities followed in 2019.
Until the end of May 2021, Bank MAS assets reached IDR 22.53 trillion with a profit of IDR 72.68 billion. Now Bank MAS has 35 (thirty-five) offices consisting of a Non-Operational Head Office, 13 (thirteen) branch offices located in Jakarta, Semarang, Solo, Kudus, Surabaya, Malang, Lampung, Palembang, Medan, Banjarmasin, Makassar, and Kupang, as well as 21 (twenty-one) sub-branch offices located in Jakarta, Tangerang, Bekasi, and Surabaya.