KB Bank divests 85% stake in KB Bukopin Finance

PT Bank KB Indonesia Tbk, known as KB Bank, has completed the divestment of an 85% stake in its subsidiary, PT KB Bukopin Finance (KBBF), to JB Woori Capital Co., Ltd. The transaction, finalized on November 4, 2026, was valued at approximately Rp339.97 billion.

Following the sale of 135,529 shares, KB Bank retains a 14.24% ownership stake in KBBF, down from its previous holding of 99.24%. The divestment received regulatory approval from the Financial Services Authority (OJK) in August 2026.

KB Bank stated that the move is a strategic step to strengthen its focus on core banking business, optimize capital allocation, and support sustainable growth. The company noted that the transaction will provide additional liquidity and will not negatively impact its operational activities or financial condition.