BNI Completes Acquisition of Bank Mayora, Plans to Build Digital Bank
BNI has completed its acquisition of conglomerate Jogi Hendra Atmadja’s bank, PT Bank Mayora. The deal gives BNI 1,198,229,838 shares, or 63.92% of Bank Mayora’s issued fully paid shares. The takeover became effective after the sale and purchase deed and Minister of Law and Human Rights approval on 18 May 2022. BNI expects the move to support its digital transformation and performance, with the acquisition valued at IDR 3.5 trillion.