Bank Jatim Board of Directors Increases Shareholdings, Committed to Sustainable Growth

Bank Jatim, officially PT Bank Pembangunan Daerah Jawa Timur Tbk, undertook a share-purchase exercise. The move signals strong commitment to the company’s performance and prospects, as well as a tangible sense of belonging and management’s confidence in Bank Jatim’s fundamentals and future business prospects. Chief Executive Winardi Legowo said the directors’ stock purchases reflect management’s optimism about the company’s sustainable growth. Moreover, the move sends a positive signal to investors that management has strong confidence in performance, good corporate governance, and the potential for long-term value enhancement.

In the share purchase, the Chief Executive Winardi Legowo is recorded as having bought 500,000 shares. He was followed by Deputy Chief Executive Officer R. Arief Wicaksono, who also added 860,000 shares to his holding, bringing his total to 2,718,600 shares.

Executive Director for Corporate and Institutional Bank Jatim Arif Suhirman also increased his stake by 1,687,500 shares, comprising 847,500 shares bought at Rp 590 and 840,000 shares at Rp 585. As a result, his total shareholding stands at 5,335,000 shares.

Subsequently, Compliance Director Umi Rodiyah bought 1,032,000 shares at Rp 580, taking her total to 2,170,300 shares. Meanwhile, IT, Digital, and Operations Director Wiweko Probojakti purchased 110,000 shares at Rp 580, and Retail & Sharia Director Tonny Prasetyo bought 103,000 shares at Rp 580.