Steady Business! Bank Jatim Sign Shareholder Agreement with NTB Provincial Government and Bank NTB Syariah
Date: 08 may 2024Categories :
MATARAM, May 8, 2024. The process of the Bank Business Group (KUB) of PT Bank Pembangunan Daerah Jawa Timur Tbk (bankjatim) with Bank NTB Syariah entered a new phase. On Wednesday (8/5), the two BPDs have signed an agreement between controlling shareholders (Shareholder Agreement) in Multazam Ballroom, Head Office of Bank NTB Syariah Mataram. The signing was carried out by the President Director of bankjatim Busrul Iman and Pj. Governor of West Nusa Tenggara Lalu Gita Ariadi.
Also present to witness the signing were President Director of Bank NTB Syariah Kukuh Rahardjo and Pj. Governor of East Java Adhy Karyono. In addition to the signing of the Shareholder Agreement, on this occasion also took place the signing of a compliance deed carried out by bankjatim President Director Busrul Iman and President Director of Bank NTB Syariah Kukuh Rahardjo. Also present in this activity Independent Commissioner bankjatim Prof. Muhammad Mas'ud.
Adhy Karyono explained, it really appreciates the spirit of Bank NTB Syariah and bankjatim in doing this cooperation. With the KUB, he believes the performance of the two banks can be boosted to the maximum so that it will have an impact on regional economic growth. "This is a history of our two banks doing KUB according to the Financial Services Authority (OJK) regulation Number 12/pojk.03/2020. This process is very long planning and we have calculated that the impact will be mutually beneficial for both parties," he said.
In the OJK regulation, explained Adhy, BPDs that have core capital below Rp 3 trillion must establish KUBs with banks that have core capital above Rp 3 trillion. For the core capital owned by bankjatim itself as of March 2024 has reached Rp11.12 trillion. So that the existing requirements have been met.
According to Adhy, bankjatim has excellent experience in managing its business. Starting from the IT side, human capital, and so on. So, with the existence of this KUB is expected to also have a good impact on the performance of Bank NTB Syariah. "bankjatim itself as a BUMD plays an important role in supporting the economic growth of East Java. Through financing and financial support, bankjatim has encouraged key sectors in the economy, including support in the development of MSMEs in East Java," he explained.
One form of bankjatim's support for MSMEs is through the revolving fund distribution acceleration program (dagulir). As of December 2023, the amount of revolving funds that have been distributed by bankjatim reached Rp 475.97 billion for 12,525 debtors. Then in terms of contribution to Regional Original Revenue (PAD), bankjatim also consistently continues to be a major contributor to the PAD of the East Java Provincial Government.
In 2023, bankjatim dividend deposits to the East Java Provincial Government amounted to Rp 407.57 billion or reached 88.64 percent of the total dividend deposits of all BUMDs owned by East Java Province. “We have 12 BUMDs and dozens of subsidiaries but not maximized, only bankjatim which is very significant in obtaining income and supporting us,” explained Adhy.
Therefore, he hopes that the formation of KUB bankjatim with Bank NTB Syariah can provide maximum benefits for both banks and stakeholders. Such as the realization of an increase in bankjatim assets through inorganic growth, the fulfillment of core capital for NTB Syariah bank, the realization of synergy and operational efficiency, and the creation of better competitiveness through the joint use of technology, market research, product development, marketing, to increase access to financial resources and international markets.
Meanwhile, Busrul Iman also revealed, the plan to form a KUB bankjatim with Bank NTB Syariah has actually started a long time ago. Starting with the visit of Bank NTB Syariah at the bankjatim office in September 2022. "Thank God today we have reached the stage of signing a shareholder agreement. We think the NTB Provincial Government and Bank NTB Syariah have rightly chosen us as KUB partners," he said.
Then the achievement of East Java GDP in 2023 managed to contribute 14.22 percent to the formation of Indonesia's GDP and contributed 24.99 percent to the GDP of Java Island. "So we are very confident and optimistic if bankjatim and Bank NTB Syariah KUB will certainly further strengthen the performance of both parties. Because, the benefits of this KUB are very much, one of which is the realization of business synergies between the two banks that are mutually beneficial, "said Busrul.
Furthermore, Lalu Gita Ariadi in his speech also said that East Java is a large province with various advantages. Starting from its accessibility, commodities, markets, to connectivity is guaranteed. Including the BPD is also superior, in this case what is meant is bankjatim.
He hopes that the positive experience of bankjatim can be transmitted to the performance of the BPD that he leads. So that later there will be a local hero who is able to drive development in NTB and expand the alliance of economic development with the potentials of NTB. "Investors are very interested in East Java because of its accessibility. While we, the archipelago, have our own distribution costs. So we hope that in the future we can be encouraged so that downstreaming can be realized in our area," he concluded.