Closing 2024, Bank Jatim Successfully Emerges as the Largest Regional Development Bank (BPD) within the KUB Framework
Date: 27 december 2024Categories :
SURABAYA, December 27, 2024. Approaching the close of 2024, PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) has successfully recorded a new historic milestone by becoming the largest Regional Development Bank (BPD) in Indonesia within a Bank Business Group (KUB). This achievement is not only a reflection of the hard work and commitment of all BJTM personnel but also serves as clear evidence of the continued trust placed in the bank by customers, investors, and the people of East Java.
As part of its strategic expansion, BJTM has now become the parent company for five BPDs through the KUB framework: Bank NTB Syariah, Bank Lampung, Bank NTT, Bank Banten, and Bank Sultra. President Director of bankjatim, Busrul Iman, stated that through the KUB, BJTM invites these five BPDs to synergize, collaborate, and grow together to build Indonesia. Specifically, the BJTM KUB synergy encompasses capital participation, business and financial integration, as well as various supporting aspects.
”From the capital aspect, we have allocated over IDR 300 billion in capital participation across these five BPDs. Meanwhile, from the business and financial aspect, BJTM will synergize business potential, including banking products and services tailored to each bank's needs and the consolidation of financial statements. For the supporting aspect, BJTM and the five BPDs will deliver 'value creation beyond business' tailored to BPD characteristics, focusing on strengthening Good Corporate Governance (GCG), Corporate Culture, and Information Technology,” Busrul explained.
According to him, this KUB corporate action is both a business development move and an active response to the 2024-2027 BPD Strengthening Roadmap launched by the Financial Services Authority (OJK). Busrul added that internally, BJTM has prepared itself through a transformation of five fundamental business pillars: enhancing human capital excellence, strengthening organizational structures to be more adaptive, synchronizing procedures while maintaining prudence, and increasing utility in information technology. The final pillar is the implementation of capital participation for KUB formation.
”The trust placed in bankjatim to partner with these five BPDs strengthens our positioning as an institution with robust capacity and capability. Together, BJTM and the five partner banks will build a solid financial foundation to support regional and national economic growth, moving toward our vision of becoming the No. 1 BPD in Indonesia,” Busrul stated.
Bank Jatim’s solid performance was demonstrated in the period ending November 2024, with total assets reaching IDR 109.09 trillion, credit disbursement at IDR 63.90 trillion, third-party funds (DPK) at IDR 87.96 trillion, and a profit of IDR 1.02 trillion. Furthermore, the Jconnect digital service successfully recorded 811,575 users as of November 2024.
Additionally, as a public company that has consistently distributed high dividends for over 10 years, bankjatim is optimistic about maintaining this tradition. ”Closing the year with these achievements, we are optimistic about continuing this positive trend in 2025, in line with the spirit of building a stronger and more competitive national economy,” Busrul concluded.
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
Jl. Basuki Rahmat 98-104 Surabaya
T : (031) 5310090-99 ext 471
F : (031) 5310838