Working on Mass Market, the Bank of Credit Grow 27 Percent

Jakarta – Credit National Savings Bank Tbk (the Bank) continued to grow rapidly during the first semester in 2013, although the BI data showed bank lending slowed nationwide starting in March 2013.
Bank’s loan disbursements grew by 27 per cent (year on year) from Rp 34.4 trillion on June 30, 2012 to Rp 43.6 trillion on June 30, 2013. The ratio of non-performing loans (non-performing loans / NPL) net of 0.39 percent, down from the end of June 2012 which was recorded at 0.43 percent.
Meanwhile, BI data showed loan growth slowed from March. Loans grew 23 per cent in January (yoy), then edged up to 23.4 percent in February, then slowed to 22.2 percent in March, 21.9 percent in April, and 21 percent in May.
Managing Director of the Bank, Jerry Ng said the positive performance of the Bank during the last few years as the fruit of bank consistency in working low-income segments of society as well as micro and small enterprises, including pre-prosperous society productive (mass market)
»In line with inclusive finance initiatives, the Bank continued to develop a business that focuses specifically designed to meet the banking needs of the mass market segment. The Bank not only open up access to finance, but also provide Power program, the training and assistance to improve the capacity of clients to run their businesses, “Jerry said through a press release, Wednesday, July 24, 2013.
During the first semester of 2013, the program has reached 697 885 Power beneficiaries, up 31.7 percent compared to the first half of 2012 reached 529 991 beneficiaries. Number of Power Program activities are held during the first half of this year rose 83.6 percent also claimed the activity of 22 034 to 40 456 activity.
Speech from mass market to service the Bank also claimed the better. This is reflected in the Bank’s fund raising Sinaya. Value of public deposits grew 19 percent from Rp 40 trillion as of June 30, 2012 to Rp 47.7 trillion as of June 30, 2013.
Throughout the first semester, the Bank launched assets grew 23 percent (yoy) from Rp 52 to Rp 63.9 trillion. Similarly, net profit after tax grew 28 per cent (yoy) from Rp 921 billion to Rp1, 2 trillion. Meanwhile, the capital adequacy ratio (CAR) of 22.7 percent, well above the minimum ratio of 8 percent. »With the CAR of 22.7 percent, in the future we are sure to have enough room to grow,” said Jerry.