JAKARTA (TheInsiderStories) – State-owned lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) eager to acquire bank, multifinance and general insurance firm in this year, said the official staff. The bank prepared funds up to Rp4 trillion (US$283.69 million) for the planned.
Deputy managing director Herry Sidharta revealed, the acquisition plan still in the reviewing process. One of the national bank’ goal to acquire the companies is to strengthen the digital financial sector, he added.
“Our target is bank and insurance company to complete our vision and mission as a financial institution,” he said at BNI headquarters, Jakarta, Wednesday (01/23).
Furthermore, Sidharta stated, the acquisition could be done not only through BBNI but through the similar subsidiaries. In addition to these two types of company, the lender also intends to buy multi-finance to further expand the scope of existing businesses.
For information, the local bank has five subsidiaries which is PT BNI Syariah, PT BNI Life, PT BNI Multifinance, PT BNI Securities and PT BNI Asset Management. The five companies in 2018 were able to contribute 9.24 percent to BBNI’s total profit on a consolidated basis.
Meanwhile, throughout 2018, Bank Negara Indonesia recorded a net profit of Rp15.02 trillion, rose 10.3 percent from the previous year.
One of the largest bank in the country, also recorded loans of up to Rp512 trillion throughout 2018, increased 16.2 percent from 2017, which only amounted to Rp.441 trillion.
BBNI’s loan growth pushed net interest income to grow 11 percent, from Rp 31.94 trillion in 2017 to Rp 35.45 trillion in 2018.
This year, the bank targeting the loan growth around 15 percent, lower than last year which amounted to 16.2 percent on an annual basis. According to Finance Director Anggoro Eko Cahyo noted the targets based on the current economic conditions.
Cahyo added, the bank also expects profits to rise by 15 percent compared to last year, loan to deposit ratio around 88 percent to 90 percent and net interest marget at 5.4 percent. While, non performing loans not over than 2 percent and deposit grew up to 16 percent.
He ensured that all of the above targets were designed with a focus on improving quality and not denying the possibility of a rate hike that will still occur this year.
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