Jakarta, 26 October 2016 – Having a vision to change the lives of millions Indonesians, PT Bank Tabungan Pensiunan Nasional Tbk (SMBCI) believes that people from all walks of life have a desire to achieve more meaningful life. Through its business units, SMBCI provides financial access, information and training for all customers to enhance their life capacities.
SMBCI’s consistency has paid off. By the end of the third quarter of 2016, loan grows 10% (year-on-year/yoy) from Rp56.9 trillion at the end of September 2015 to Rp62.6 trillion. The loan growth remains offset by the application of prudential banking principle as reflected by non-performing loan (NPL) ratio of 0.8% (gross).
Loan growth, among others, is driven by loan to micro, small and mediium enterprise (MSME) segment, which reached Rp16.3 trillion, up 7% (yoy) from the figure in the same period last year of Rp15.2 trillion, as well as productive poor financing through SMBCI Syariah which grows 41% (yoy) from Rp3.2 trillion to Rp4.5 trillion at the end of September 2016.
“The loan growth of 10% with a healthy NPL at 0.8% demonstrates that we are still committed to expanding without compromising on the quality of loan. Of course, this forms an integral part of SMBCI’s strategy of combining its business mission and social mission in our products, services and everyday activities,” said President Director of SMBCI Jerry Ng.
Through the Daya Program, a training and mentoring that is sustainable and scalable, SMBCI opens up opportunities for all customers to grow sustainably. From January to September 2016, SMBCI has organized 169,989 Daya training activities attended by 1,055,232 customers.
Based on intensive research and deep thought, as well as learnings from relevant trends in the banking industry, SMBCI has developed two unique digital banking platforms for two different segments over the past three years, on a significant scale. The first is the SMBCI Wow! platform for the below-consuming-class segment, which was launched in March 2015. The second is the Jenius platform for the consuming class, which was introduced to the public in August 2016.
SMBCI Wow! is an innovation for the below-consuming-class segment, or unbanked segment, consisting of farmers, fishermen, labors, informal workers and micro traders. As of the end of September 2016, SMBCI Wow! boasted 1.6 million customers and more than 100,000 agents. “Through our SMBCI Wow! initiative, we become the only company in Indonesia to make it into the ‘Fortune Change the World’ list. The list includes 50 companies around the world that are adjudged to contribute in solving social problems while remaining profitable,” said Jerry.
Meanwhile, Jenius is a digital banking for the consuming-class segment that is synonymous with urban and tech savvy society. Jenius is a saving account, not electronic money, which comes with Visa debit card for retail transactions worldwide, and it is connected to the national banking network. “Jenius is a financial application that change the way people bank in significant way, introducing features like $Cashtag, money transfers to mobile phone numbers or e-mail addresses, Split Bill, Pay Me, Dream Saver, and Visa e-card. In just two months, the Jenius videos on YouTube were watched by more than 2 million people. Jenius represents Banking Reinvented,” he said.
To develop the digital services, from January to September 2016, SMBCI has allocated Rp353 billion funds for new investments. This figure represents a massive 326% rise in comparison to its investment sum from the same period last year of Rp83 billion. “This spending on technology has driven up our operating expenses, but we are optimistic that this investment will have a positive and significant impact on the company for many years to come,” he added.
With the numerous breakthroughs, SMBCI gains trust from people. AS of 30 September 2016, total funding increases by 5% (yoy) from Rp65.2 trillion at the end of September 2015 to Rp68.8 trillion at the end of September 2016. Of this amount, third-party funds accounts for Rp65.2 trillion, up 10% from the same period last year of Rp 59.1 trillion, while bilateral loans and bonds contributed Rp3.5 trillion.
Along with these various achievements, SMBCI asset also posted a 7% rise in assets from Rp80.1 trillion at the end of September 2015 to Rp86.1 trillion at the end of September 2016, while the capital adequacy ratio (CAR) is maintained at 24.8%. Meanwhile, net profit after tax (NPAT) goes up 2% (yoy) to Rp1.4 trillion. “If we disregard the Rp353 billion worth of new investments, our profits actually climbed by 16% to Rp1.7 trillion. We are optimistic that SMBCI will continue to improve its performance going into the future,” said Jerry in conclusion.
Share
