Bank BJB receives award at SPPA BEI Awards

Jakarta (ANTARA) - PT Bank Pembangunan Daerah Jawa Barat dan Banten, Tbk. (Bank BJB) has received an award at the 2025 Alternative Market Organiser System (SPPA) BEI Awards, organised by PT Indonesia Stock Exchange (BEI). This accolade serves as recognition of Bank BJB’s contributions to utilising the Alternative Market Organiser System as a platform for transacting debt securities and sukuk in the secondary market. At the event, Bank BJB won in the Most Active Regional Development Bank Repo Category, reflecting its performance and active participation in supporting the development of the alternative market. “Bank BJB extends its gratitude to PT Indonesia Stock Exchange for this conferment. This achievement reinforces Bank BJB’s position as a financial institution that consistently supports various policies and initiatives from the exchange authority,” said Bank BJB Corporate Secretary Herfinia in an official statement in Jakarta on Thursday. Through the utilisation of SPPA, she continued, the bank plays a role in creating a more efficient, transparent, and integrated transaction ecosystem. Bank BJB’s active participation is part of efforts to boost liquidity in the financial market, particularly for debt securities and sukuk instruments. In recent years, Herfinia said, the bank has continuously developed strategies to strengthen transaction activities in the financial market. These strategies are implemented through the optimisation of digital platforms, enhancement of service quality, and strengthening of internal capabilities in managing fixed income transactions and repo transactions. The presence of SPPA as a transaction platform is seen as providing convenience for Bank BJB in conducting trading activities in a more structured and efficient manner. With an integrated system, transactions can be processed more quickly and support better risk management. “Bank BJB views the development of the alternative market as one of the keys to strengthening the national financial market structure,” she stated. This achievement is also seen as demonstrating Bank BJB’s commitment to providing services relevant to the needs of the modern financial industry. “Going forward, Bank BJB will continue to strengthen its role in supporting various exchange policies aimed at increasing market efficiency and liquidity,” she added.