Bukopin Shutter 20% Profit Growth This Year

PT Bank Bukopin target net profit growth of 20% by the end of 2013. Last year, Bukopin profit of Rp 834.7 billion.

With growth of 20%, then the expected profit to Rp 1 trillion. To sustain these targets, Bukopin will perform additional service network and launch new products for the SME business segment, commercial and consumer.

The strategy is targeted to encourage the growth of interest and non-interest income in the range of 20%. The Company is also targeting growth in Third Party Funds (TPF) by 20% and credit growth of 15%.

“Bukopin will add network services in some cities, such as branch office, branch office or cash office,” said President Director of Bank Bukopin Glen Glenardi in a press release on Monday (04/08/2013).

Bukopin currently has 420 service points or outlets consisting of 36 branch offices, 107 branch offices, 136 cash offices, 87 micro offices, 42 payment points and 8 retrieval service (pick-up service). The outlets spread across 22 of the total 33 provinces in Indonesia.

Bukopin service network is also supported by online bank payment point (PPOB / point on-line banking services) 15,000 spread across urban and rural areas. This service is supported by information technology networks and real time on-line.

“For SMEs and micro segments, Bukopin will gradually increase one step process for channeling loans, which is still dominated by the two-step distribution pattern channeling,” added Glen.

Bukopin will also increase capacity and other non-interest income as Swamitra Program, Remittance, Trade Finance, Loan Syndication and Bank Guarantee. Promo savings program with prizes such as cars, motorcycles and gadgets as well as deposit program with a variety of advantages such as cost-free and can be withdrawn penalty whenever the main attraction of the products issued by private banks which had stood since 1970.

“With the addition of service point and the consumer base, Bukopin will continue to improve the performance in 2013. Earnings growth target of 20%, a credit of 15% and amounted to 19.92% asset growth will be achieved in 2013, “said Glen.