Net Profit Growth and Information Technology Advancement to Improve the Performance of Bank Jatim Third Quarter 2016
Date: 15 october 2016Categories :
Surabaya – October 15, 2016 | In an effort to information disclosure, PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) in the third quarter 2016 is success recording the net profit growth in the amount of 20,11% (YoY) or Rp 836.58 billion.
Bankjatim financial performance in this third quarter shows the achievement and significant growth when compared to the same period in the previous year (YoY). Despite the global economic situation decreased, Bank Jatim still able to record the credit canalization growth in the amount of Rp 29,62 trillion (up 1,33% YoY). Net interest income grew by Rp 2,54 trillion (up 6,86% YoY). And for the third part funds that are still dominated by low cost funds, which is Savings, grew by Rp 12,24 trillion or up 19,56% (YoY). With the rise in the cost of funds, CASA bankjatim ratio is still maintained at 70,36% (during more than 13 years, CASA bankjatim ratio is above 65%). This proves that bankjatim is effective in managing the funds cheapness.
bankjatim financial ratios position in September 2016, are Return on Equity (ROE) by 20,14%, Nett Interest Margin (NIM) by 6,70%, Return on Assets (ROA) by 3,09%, Operating Cost compares to Operating Income (BOPO) by 71,15%, and Loan to Deposit Ratio (LDR) by 71,97%.
During the third quarter, bankjatim won many prestigious awards which one of them is first rank of Annual Report Award (ARA) 2016 BUMN Listed category. And from Penghargaan Anugerah Perbankan Indonesia (APBI)-V-2016 on October 13, 2016 at Balai Kartini, Jakarta, bankjatim won nine (9) awards, including:
Rating I: BOOK-III (BPD Assets <50 T)
Rating I: Risk Management Sector
Rating I: Legal Sector
Rating I: Human Capital Sector
Rating I: Marketing Sector
Rating I: IT Sector
Rating I: CSR Sector
Rating I: CorpComm Sector
Rating II: Finance Sector
Rating II: GCG Sector
The awards that achieved during the third quarter are the motivation to performance achieve at the end of 2016.
The development of bankjatim information technology products also growing. After previously bankjatim have has bankjatim SMS banking and bankjatim Internet Banking, bankjatim just launched Mobile Banking services which coincide with the lottery final night of Gemerlap Simpeda Nasional held at Shangri-La Hotel Surabaya in early September 2016.
bankjatim Mobile Banking services that based on internet can be accessed by smartphones, both Android and iOS. With the number of transactions as much as 14.132 and the number of users reached 4.158 until the end of September 2016, bankjatim Mobile Banking has more features than the SMS Banking. bankjatim Mobile Banking is a solution of the customer's needs to the fast, practical, simple, and timeless services banking.
And to continue its business strengthen, bankjatim in the fourth quarter 2016 plans to do business strategy, including:
- Batam Branch Office Operational
bankjatim has done a soft launch of branch office in Batam Province which coincides with the anniversary of 55th bankjatim some time ago. bankjatim Batam branch office operational is waiting for approval from the Financial Services Authority (FSA) that expected operating in the fourth quarter. - Credit Canalization Increasing In The Fourth Quarter
To increase canalization credit in this fourth quarter, bankjatim doing the business strategies by reopening the presidential decree credit to government project with repair the collateral requirements as well as supervision and monitor increasing. In addition to the presidential decree credit, will also canalize back Standby Loan special Prima Customer who are credibility and capability proven. Meanwhile, to increase consumption credit, bankjatim gave Multipurpose credit interest promotion to the new application and takeover customers
Bankjatim Network
And until September 2016, the number of bankjatim network has reached 1.453 services points which consist of 1 Central Office, 46 Branch Offices, 167 Helper Branch Offices, 185 Cash Office, 97 Sharia Services Offices, 175 Payment Points, 79 Cash Cars, 6 ATM Cars, 695 ATMs, and 2 CDMs