BNI has confirmed that Sea Group, Shopee’s parent company, will not proceed with acquiring a stake in PT Bank Hibank Indonesia. The state-owned bank emphasized that the development of its digital banking subsidiary will continue independently.

BNI President Director Royke Tumilaar stated that the bank has no plans to involve external parties in Hibank’s growth. "No, we will do it ourselves," he said at an event held by the Financial Services Authority (OJK) in Jakarta (11/02/2025).

Despite earlier speculation about Sea Group acquiring up to a 15% stake, BNI confirmed that Hibank’s shareholder structure remains unchanged. Currently, BNI holds a controlling stake of 63.92% following its acquisition of the bank, formerly known as PT Bank Mayora, in mid-2022. "It’s still the same, Mayora and BNI. "There are no additional shares," added Tumilaar, who previously served as Bank Mandiri’s President Director.

Previously, BNI had conducted due diligence on Sea Group as a potential strategic technology partner for Hibank. Corporate Secretary Okki Rushartomo stated in a disclosure to the Indonesia Stock Exchange (BEI) that the bank had assessed entities for collaboration in strengthening Hibank’s technological capabilities. However, BNI later decided that the option of Sea Group’s entry as a shareholder would not move forward.

BNI assured that this decision would not impact Hibank’s banking services or business operations. The digital bank remains open to other strategic partnerships aligned with its business transformation goals.

SOURCE: BISNIS | PHOTO: TRENASIA

This article was created with AI assistance.