Small banks have in the past few weeks been busy raising funds to meet the minimum equity of Rp3 trillion by December 31, 2022 to stay in the business. Hary Tanoesoedibjo’s Bank MNC (BABP), for example, has been struggling to raise over Rp1 trillion with the issuance of 9.43 billion new shares at Rp120.To subscribe please click here
