Bank Jatim Lending Grows Significantly
Date: 25 july 2023Categories :
JAKARTA, July 25, 2023. In the midst of increasingly fierce banking competition, PT Bank Pembangunan Daerah Jawa Timur Tbk. or bankjatim continues to show its positive performance. Located at the Indonesia Stock Exchange (IDX) Building, bankjatim has held an analyst meeting to explain the performance of the first semester of 2023 in the framework of information disclosure on Tuesday (25/7).
The analyst meeting was attended directly by bankjatim directors, namely President Director Busrul Iman along with Director of Finance, Treasury and Global Services Edi Masrianto, Director of Micro, Retail and Medium R. Arief Wicaksono and Director of Risk Management Eko Susetyono.
Busrul explained, bankjatim successfully passed the first semester of 2023 with a fairly good performance. During the first semester of this year, bankjatim lending was able to record a significant increase above the average of 13.02 percent (YoY). For the highest credit growth occurred in the commercial and SME sector by 25.55 percent (YoY) and the consumer sector 5.77 percent (YoY).
According to Busrul, access to financing for business actors must be opened as wide as possible in order to create new business fields and jobs. So that welfare can be created for the community. "The growth of lending is a reflection of the running economy and indicates an increase in demand for goods and services from the community," he said.
The credit growth that has been achieved by bankjatim has made the company's LDR even better. From 45.88% in the first semester of 2022 increased to 59.54% in the first semester of 2023. Bankjatim's credit distribution was also followed by improvements in loan quality. This can be seen from the Loan At Risk (LAR) ratio which sloped at 5.77% in the first semester of 2023, compared to 6.86% in the previous year (YoY).
Bankjatim's Gross Non Performing Loan (NPL) ratio also decreased at 2.80% in the first semester of 2023, compared to 4.12% in the same period the previous year (YoY). "The decline in NPL and LAR ratios shows that bankjatim's credit quality is getting healthier and is a sign of recovery from several economic sectors," Busrul explained.
According to him, bankjatim has gone back to basics as one of the trusted intermediary institutions in East Java in particular and strives to continue to be one of the driving forces of the regional economy through lending in the productive and consumptive sectors that are increasingly balanced in composition.
In addition, bankjatim's digital banking performance has also increased. For JConnect during the first semester of 2023 managed to score positive numbers. JConnect Mobile users in the first semester of this year have reached 566 thousand users or grew 30 percent (YoY). Meanwhile, the number of transactions was at Rp 3.4 trillion, up 35 percent compared to Semester I 2022 (YoY).
Next, JConnect IB Corporate users are at 7,550 or up 23 percent (YoY) with a total transaction of Rp 853 billion. Then, the number of East Java Agents during the first semester of 2023 amounted to 4,853 users or grew 30 percent (YoY) with a total transaction of Rp 7.2 billion.
"Our QRIS merchants have reached 90,403 or grew 61 percent (YoY) with total transactions of Rp 56 billion or grew 76 percent compared to the same period last year (YoY). JConnect Loan is also growing positively and has been used to process 12,300 credit approvals out of 16,500 credit applications," Busrul explained.
"Incidentally, Sekapuk Village is bankjatim assisted so we are obliged to provide support in the form of providing the facilities needed at this event. Hopefully this meeting can open up great expectations for villages and MSMEs in Indonesia, especially East Java, to build a global network and penetrate the international arena, "explained Busrul.
He emphasized that bankjatim currently continues to carry out various transformations in order to achieve business acceleration. There are five transformations that have been carried out by issuers with the BJTM code. Among other things, organizational transformation to support the company's business by aggressively increasing the number of Account Officers (AO), Funding Officers (FO), and segmenting customers.
"Our AO and FO growth is very massive. In the first semester of 2022, the number of our AOs was only 90 people, but in the first semester of 2023 it had shot up to 405 people. This figure shows a growth of 350 percent," Busrul explained. Then for the number of FOs during the first semester of 2022 amounted to 556 people, then in the first semester of 2023 it increased to 968 people. So there is a growth of 74.10 percent.
In addition, bankjatim also transformed Human Capital in several ways. Namely the fulfillment of employees through the Jatim Internship Program (JIP), Office Development Program (ODP), General Banking, IT Staff, to Senior Executive.