Indonesia's Bank Neo Commerce plans $191m rights issue next year

Indonesia's Bank Neo Commerce plans $191m rights issue next year

President Director Bank and CEO of Neo Commerce Tjandra Gunawan gestures during an interview at his office in Jakarta, Indonesia, November 3, 2022. REUTERS/Ajeng Dinar Ulfiana

Akulaku-backed lender Bank Neo Commerce plans to raise 3 trillion rupiah ($191 million) via a rights issue next year to support its loan disbursal targets and launch several new products, per an announcement on Wednesday.