Jakarta, 21 Maret 2014 - PT Bank Bukopin Tbk, (BBKP), one of the banks that is focusing
in micro and SME’s customers, booked an increasing net profit of 11.38% pushed
by the increasing fee-based income.
Net profit growth of Bank Bukopin was still in line
with banking industry during economic slowdown. Bank Bukopin management,
due to economic uncertainly last year and tightening liquidity in money market,
chose to maintain liquidity rather than pushing for profitability.
Net profit was amounting to Rp 929.71 billion in 2013
from Rp 830.49 billion 2012. The profits was pushed by an increasing fee-based
income that came from provision and administration fees, where fee-based income
gained by 18.73% to Rp 785,68 billion in 2013 from Rp 663,75 billion.
Despite interest revenue growth of 16.07% to Rp 5,95
trillion in 2013 from Rp 5,13 trillion in 2012, net interest revenue
slightly shrank by 0,73% to Rp 2.44 trillion in 2013 from Rp 2.46 trillion
caused by increasing of interest expenses with the blended cost of fund that
increased by 100 bps to 6.22% in 2013.
In the other hand, productive assets of Bank Bukopin
improved and it were showed by decreasing nonperforming loans to 2.26% in 2013
compared to the previous year at 2.66%. Decreasing nonperforming loans also
indicated improving in high quality asset during liquidity tightening.
Bukopin’s loans increased slightly of 6.44% to Rp
48.46 trillion from Rp 45.53 trillion, while nonperforming loans decreased.
This indicated improvement in risk management.
Bukopin’s loans was dominated by SME’s loans of Rp
19.05 trillion in 2013, a 22.64% increase from Rp 15.53 trillion in 2012. The
second contributor was commercial loans increased by 0.70% to Rp 15.50 trillion
from Rp 15.39 trillion. This was followed by consumer loans gained by 86.07% to
Rp 6.68 trillion from Rp 3.59 trillion and micro loans hiked by 28.62% to Rp
3.44 trillion from Rp 2.67 trillion while Bulog’s loans decreased to Rp 3.78
trillion from Rp 8.38 trillion.
Bank Bukopin, in the previous November adjusted its third
parties fund by increasing its CASA to 41.66% from 41.02%. So, loans to
deposits ratio was preserved at 85.80% compared to last year at 83.81%.
Bank Bukopin, after executing the right issue, booked
capital improvement and grouped into BUKU 3, so it has opportunities to develop
products that have never existed before.
Bukopin in 2014 targets an increase net-profit up to
Rp 1 trillion with loans and deposits growth of 15% to 17%, it was in synergy
with Bosowa that has entered as one of majority shareholders. Bosowa has
extensive business lines in the industries of cement, automotive, energy, infrastructure
and media.
|
Accounts
|
BBKP
|
||
|
(IDR Million)
|
2013
|
2012
|
Change
|
|
Interest Revenue
|
5,950,023
|
5,126,381
|
16.07%
|
|
Interest Expenses
|
3,506,183
|
2,664,674
|
31.58%
|
|
Net Interest
Revenue
|
2,443,840
|
2,461,707
|
-0.73%
|
|
Operational
Revenue
|
785,676
|
663,749
|
18.37%
|
|
Operational
Expenses
|
2,055,250
|
2,058,984
|
-0.18%
|
|
Operational
Income
|
1,174,266
|
1,066,472
|
10.11%
|
|
Other Revenue
(Expenses)
|
19,339
|
(7,102)
|
-372.29%
|
|
Pre Tax Income
|
1,193,605
|
1,059,370
|
12.67%
|
|
Net Income
|
929,712
|
834,719
|
11.38%
|
|
EPS
|
117
|
104
|
11.75%
|
|
Account
|
BBKP
|
||
|
(IDR Mill)
|
2013
|
2012
|
Change
|
|
Asset
|
69,457,663
|
65,689,830
|
5.74%
|
|
Productive Asset
|
62,253,291
|
60,012,220
|
3.73%
|
|
Equities
|
6,195,903
|
4,984,186
|
24.31%
|
|
Core Capital
|
5,013,462
|
4,242,014
|
18.19%
|
|
Deposits
|
55,822,392
|
53,957,757
|
3.46%
|
|
Loans
|
48,461,044
|
45,530,740
|
6.44%
|
