JAKARTA – Six directors and one commissioner of PT Bank Central Asia Tbk (BBCA) were seen accumulating the company’s shares on 16 and 25 March 2025 after the price fell below IDR 7,000.

According to data from the Indonesia Stock Exchange (IDX), the six directors involved in the share purchases were:

1. Lianawaty Suwono, who bought 300,000 shares at IDR 6,750 per share on 16 March;
2. Gregory Hendra Lembong, who bought 1.1 million shares at IDR 6,982 per share on 25 March;
3. John Kosasih, who bought 626,200 shares at IDR 6,982 per share on 25 March;
4. Santoso, who bought 495,000 shares at IDR 6,982 per share on 25 March;
5. Vera Eve Lim, who bought 549,900 shares at IDR 6,982 per share on 25 March; and
6. Tan Ho Hien / Subur, who bought 619,000 shares at IDR 6,982 per share on 25 March.

Meanwhile, BBCA Commissioner Tonny Kusnadi also purchased 317,900 shares at IDR 6,982 per share on 25 March.

According to the official disclosure, the purpose of these purchases was “long-term investment”. Following the transactions, none of the directors or commissioner held more than 0.1% of the company’s shares.

As of end-February 2026, PT Dwimuria Investama, part of the Djarum Group, remained the controlling shareholder with a 54.9% stake, while free float stood at 42.6%.

However, BBCA is also currently undertaking a share buyback programme worth IDR 5 trillion, scheduled to run for up to 12 months after receiving approval at its Annual General Meeting of Shareholders (AGMS) on Thursday, 12 March 2026.

The bank is set to distribute around IDR 34.5 trillion in dividends, or IDR 281 per share, for the 2025 financial year on 8 April 2026, with the cum date in the regular and negotiated markets falling on Friday (27/3).

However, nearing the cum date, the share price has fallen 5.8% over the past month, marking the first time it has dropped below IDR 7,000 since September 2021.

On the day, BBCA shares closed up 1.85% at IDR 6,900 per share at the end of trading on Wednesday (25/3). (ZH)