Bank Jatim Executes Shareholder Agreement with Lampung Provincial Government and Bank Lampung.
Date: 08 november 2024Categories :
BATU, November 8, 2024. The Bank Business Group (KUB) process between PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) and Bank Lampung has entered a significant new phase. On Friday (8/11), both Regional Development Banks (BPD) formalized a Shareholder Agreement (SHA) at the Golden Tulip Hotel Ballroom in Batu. The agreement was signed by the President Director of bankjatim, Busrul Iman, and the Acting Governor of Lampung, Samsudin.
In addition to the Shareholder Agreement, the event featured the signing of a Deed of Compliance by Busrul Iman and the President Director of Bank Lampung, Mahdi Yusuf. The ceremony was witnessed by the Acting Governor of East Java, Adhy Karyono, the Executive Head of Banking Supervision and Member of the OJK Board of Commissioners, Dian Ediana Rae, as well as the Boards of Commissioners and Directors of both bankjatim and Bank Lampung.
Acting Governor Adhy Karyono expressed his appreciation to all parties involved for the strategic steps taken to facilitate this agreement. He emphasized that the signing was not merely a formality, but a manifestation of a shared commitment to synergy in achieving the KUB vision between bankjatim and Bank Lampung.
Adhy reported that East Java's economy in the third quarter of 2024 grew by 1.72% (q-to-q). This impressive achievement ranks East Java as the province with the highest quarterly economic growth across all provinces in Java. On an annual basis, growth reached 4.91% (y-o-y) with a cumulative growth of 4.90% (c-to-c). Furthermore, East Java remains the second-largest economic contributor to the national economy, accounting for 14.52% of Indonesia's GDP and 25.55% of Java's GRDP, solidifying its position as a national economic locomotive.
”Beyond impressive growth, East Java’s inflation remains well-controlled. In October 2024, inflation was recorded at 1.66% (y-o-y) with a monthly inflation of 0.15% (m-o-m). Historically, over the last 10 months, East Java has experienced five months of inflation and five months of deflation, indicating that the purchasing power of the people remains stable,” he explained.
According to Adhy, economic development in East Java is highly dependent on a healthy banking sector capable of adapting to changing market dynamics. Through this KUB formation, there are high expectations that East Java can drive financial accessibility, enhance public financial literacy, and strengthen banking infrastructure and services.
”With this KUB, we can leverage the synergy between member banks to create new innovations in products and services, particularly by providing accessible and inclusive digital banking. We are optimistic that the KUB can become a strategic partner in supporting government development programs, whether in infrastructure financing, regional economic empowerment, or improving public access to financial services,” Adhy asserted.
Busrul Iman further revealed that the plan to form a KUB with Bank Lampung had been in development for some time. “We are grateful to have reached the shareholder agreement signing stage. We believe the Lampung Provincial Government and Bank Lampung have made the right choice in selecting us as their KUB partner,” he said.
This confidence is backed by bankjatim’s consistently positive performance. As of Q3 2024, the bank's assets reached IDR 106.63 trillion, with credit disbursement totaling IDR 62.19 trillion, an increase of 20.13% (YoY). Specifically:
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Consumptive Credit: Reached IDR 33.79 trillion in Q3 2024 (+13.20% YoY).
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Productive Credit: Reached IDR 28.40 trillion in Q3 2024 (+29.57% YoY). “We are optimistic that the KUB between bankjatim and Bank Lampung will significantly strengthen the performance of both parties through mutually beneficial business synergy and collaboration,” Busrul emphasized.
Acting Governor of Lampung, Samsudin, added that the SHA signing is a critical requirement for the KUB to meet the Minimum Core Capital of IDR 3 trillion, as mandated by OJK Regulation No. 12/POJK.03/2020. ”This is an extraordinary milestone in the history of Lampung and East Java. This synergy is vital to meeting OJK regulations, and we must continue to nurture it together,” he stated.
Samsudin expressed hope that bankjatim’s positive experience would translate to Bank Lampung’s performance, creating a "local hero" capable of driving development in Lampung. ”We anticipate positive changes at Bank Lampung, particularly regarding digitalization. We hope to maximize this synergy to become more resilient in facing future challenges,” he concluded.
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