Acting Governor of Papua Muhammad Ridwan Ruikutun requested that the management of PT Bank Pembangunan Daerah (BPD) Papua or Bank Papua optimize the performance of collecting third party funds (DPK) in the coming years.

"So that we don't just expect to store funds from local governments," said Muhammad Ridwan after the General Meeting of Shareholders (GMS) of Bank Papua, in Manokwari, West Papua, quoted from Antara, Tuesday, March 5.

According to him, Bank Papua must be able to transform to maximize creative and innovative business principles through the use of digital-based information technology developments.

This effort is in line with the implementation of the local government's financial transaction electronification system to prevent budget leakage while increasing local revenue (PAD).

"So that it can support the implementation of local governments, especially the application of financial electronification," said Ridwan.

So far, he said, Bank Papua has contributed to accelerating regional development and increasing community economic growth through programs to empower the micro, small and medium enterprises (MSMEs) sector.

This business existence needs to be supported by the quality of qualified human resources in all work units of Bank Papua spread across six provinces throughout the Land of Papua.

"We hope that the board of directors will formulate strategic policies for the development of Bank Papua's human resources," he said again.

He said the local government always supports the sustainable financial business method of Bank Papua which will later be collaborated with state-owned enterprises and regional-owned enterprises.

Strengthening cooperation has a positive impact on Bank Papua's efforts to become a foreign exchange bank that always prioritizes the principle of prudence in financial governance.

"The regional government hopes that in the future Bank Papua will become a more professional regional bank," said Ridwan.

President Commissioner of Bank Papua Yorgemes Derek Hegemur explained that there are several priority matters that must be a serious concern for all shareholders and local governments, in order to maintain the existence of Bank Papua in the future.

This priority includes the realization of a new capital deposit of IDR 2.770 trillion from the 2014 GMS agreement of IDR 4 trillion, the transfer of regional assets managed by Bank Papua has not been maximized, and some local governments have not transferred operational funds to Bank Papua.

"The transfer of funds to Bank Papua will have an impact on increasing assets. Then the issue of the security of Bank Papua employees in remote areas," he said again.

Yorgemes hopes that the 2024 GMS will accelerate the transformation of Bank Papua into a foreign exchange bank which will be inaugurated at the 58th anniversary celebration, in Sorong, Southwest Papua.

The moment was planned to be attended by six governors along with 42 regents/mayors throughout the Land of Papua, then the commissioners and president directors of BPD throughout Indonesia. "Because it coincides with the National Coordination Meeting of Regional Development Banks," said Yorgemes.

He explained that the value of Bank Papua's assets in 2023 reached IDR 32.2 trillion, an increase of 8.26 percent, lending of IDR 19.6 trillion higher than 2022, which was IDR 18.2 trillion, the realization of the DPK reached IDR 25.7 trillion, an increase of 6.18 percent, and net profit was recorded at IDR 427 billion.


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