New management of PT Bank Pundi Indonesia Tbk (BEKS), which will soon change its name to Bank Pembangunan Daerah Banten, will focus on repairing non-performing loan (NPL) to 3% in their first term of office. This was decided after BEKS’ second Extraordinary General Meeting (EGM) of Stakeholders approved PT Banten Global Development’s (BGD) acquisition of the company’s stakes by up to 68%.
Heru Sukanto, BEKS’ President Director, said that the management will perform internal consolidation, create efficiency, and repair the company’s net NPL which so far stands at 3% to 4.98%. “We will carry out the bank’s existing business plan. We have concern over which business is more profitable, including micro, retail and medium segments,” said Heru, who is also a former banker of PT Bank Rakyat Indonesia (BBRI). BEKS’ performance as of May 2016 still recorded a net loss worth Rp 151.25 billion, up 80.12% compared to its net loss over the same period last year.
Asmudji, BEKS’ Commissioner, said that the transition from Bank Pundi to Bank Pembangunan Daerah Banten (Bank Banten) will continue until 2017. BEKS has a potential to manage a part of the potential third party fund (DPK) across Banten region which is expected to reach Rp 131 trillion. BEKS also eyes credit disbursement to Civil Servants (PNS) across Banten, amounting to 4,000 people.
BEKS’ stock price went up 34.12% to Rp 114 after the second EGM of Stakeholders. On Thursday’s trade closing (7/21), BEKS’ stock transaction volume reached 1.18 billion shares with transaction value of Rp 123.86 billion. (*)
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