BANDUNG – Achievement of brilliant performance made by bank bjb, approaching the end of the year bank bjb has received attention from professionals. As a token of appreciation, bank bjb is awarded as The Strongest Regional Bank by CNBC Indonesia.
The award is given at 2020 CNBC Indonesia Award, held on Friday (23/10/2020). In the awarding event, President Director bank bjb Yuddy Renaldi received the award virtually.
In his remarks, Yuddy Renaldi on behalf of all company individuals expressed his gratitude for the trust given to bank bjb as a winner of the Best Regional Bank award. This award will encourage the company to continue to play an active role by establishing synergies with various parties in advancing the company and contributing to national economic growth.
"This award will be a separate proof of bank bjb's hard work in maintaining the best performance while at the same time contributing as much as possible for regional development. We will also do our best to maintain and improve the position of bank bjb as one of the best banks. On the other hand, bank bjb will continue to synergizes with other BPDs so that we can develop together and constantly participate in developing their respective regions, as well as restoring the economic growth that currently deteriorating due to the pandemic," said Yuddy.
The Best Regional Bank award is obtained thanks to the company's achievements that were able to carve a special performance report card with a positive growth record in the midst of pandemic outbreak. Based on the profit and loss record, as of August 2020 bank bjb managed to record a net profit growth of up to Rp1.1 trillion with an asset growth of 19.36% on a year-on-year (y-o-y) basis to IDR 134.43 trillion. The achievement of bank bjb asset value is the highest among 26 regional banks in all over Indonesia.
This achievement is also followed by credit growth of 8.78% (y-o-y). In addition, bank bjb is also able to take advantage of its equity in the midst of pandemic. The company's Return on Equity (RoE) recorded in the second quarter of 2020 reached 15.16% and became one of the strongest among regional development banks.
In line with this, bank bjb recorded a positive contribution in encouraging various economic recovery efforts initiated by the government. As of 18 October 2020, bank bjb has managed to distribute National Economic Recovery (PEN) fund of Rp.5.3 trillion. This figure has exceeded the leverage target, twice amount of PEN fund that was entrusted by Ministry of Finance to bank bjb, Rp.2.5 trillion.
Along with that, bank bjb has restructured debtor loans affected by the COVID-19 pandemic amounting to Rp.4.4 trillion. This trillions of credit installment relief facility has reached 8.750 bank debtors. This stimulation is given while maintaining good credit quality.
These positive results have made bank bjb more confident in facing the rest of final quarter of 2020. This confidence cannot be separated from the company's outstanding strategy which has focused on investing in digital infrastructure development since the beginning of the year. This digitalization of banking services includes updates on bjb DIGI mobile banking application home, the inclusion of QRIS technology, and the birth of company electronic money bjb DigiCash. This digitalization step has produced very positive results during COVID-19 pandemic situation where bank bjb digital transactions will boost fee-based income which is projected to grow in the range of 35% -40% on an annual basis.
"MSMEs empowerment program is also one of the targets in which bank bjb continues to encourage the growth of productive loan portfolios. Currently the percentage of our productive segment portfolio is mostly for financing MSMEs and labor-intensive sectors. We will continue to boost MSMEs to foster self-confidence to entrepreneurs so that they can grow again despite the challenges of COVID-19 pandemic. The recovery of MSMEs will hugely contribute in moving the economy, especially in West Java and Banten as the main areas of our business operations," said Yuddy.
CORPORATE SECRETARY DIVISION