PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk announced that it will issue 360,100,000 series A shares on October 22, 2019. The transaction will include participation from West Java Provincial Goverment, Banten Provincial Government, and City and Regency Governments in West Java and Banten including regional governments. The shares issued in the transaction is subject to a hold period of 12 months from the date of issuance. The transaction has been approved by the shareholders of the company.