Bank BJB Maintains Solid Performance Throughout 2024

President Director of Bank BJB, Yuddy Renaldi (second from the left). (Photo: ANTARA)

JAKARTA PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB) recorded solid performance and business growth throughout 2024.

In the midst of national and global economic challenges, Bank BJB shows solid sustainable performance.

President Director of Bank BJB, Yuddy Renaldi said, this success is inseparable from banking service innovation, business diversification, and careful risk management.

"We continue to focus on strengthening the synergy of Bank BJB groups, through optimizing product holding and developing digital services to improve fee based income," said Yuddy, Tuesday, December 10.

Until the third quarter of 2024, Bank BJB recorded total asset growth of 17.1 percent year on year (yoy) to Rp210 trillion.

Third Party Funds (DPK) increased 17.1 percent yoy to IDR 153.2 trillion, while credit including financing grew 10.4 percent yoy to reach IDR 138 trillion.

Profit before the consolidation tax was recorded at IDR 1.47 trillion, and profit after tax reached IDR 1.16 trillion.

The consumer credit segment became the main support with a growth of 6.8 percent yoy reaching Rp73.1 trillion.

Bank BJB also managed to maintain a market share related to lending to ASN in West Java and Banten up to 54 percent.

In terms of funding, Bank BJB has succeeded in optimizing the LDR ratio at the level of 85.1 percent, with Non-Performing Loan (NPL) at the level of 1.53 percent and Coverage Ratio above 100 percent. Bank BJB's capital ratio (CAR) is also maintained at the level of 19.4 percent.

In addition to focusing on financial performance, Bank BJB will strengthen ESG (Environmental, Social, Governance) principles.

Until September 2024, Bank BJB's sustainability portfolio reached IDR 18.2 trillion, with its largest portfolio in environmentally-minded sectors, MSMEs, and environmentally friendly transportation.

One of the major achievements of Bank BJB this year is the issuance of Sustainability Bond worth IDR 1 trillion.

These bonds were oversubscribed up to 4.66 times from the initial target.

In addition, Bank BJB is also a pioneer in issuing Perpetual Securities with rupiah denominations worth IDR 1 trillion.

This instrument is recognized as the Additional Tier 1 Capital, strengthening the additional core capital of Bank BJB.

"This is proof of the high public trust, especially from bond investors who always respond positively to the issuance of our securities, as well as providing alternative investment instruments that are attractive to the community," said Yuddy.

Closing the 2024 Public Expose, Yuddy said that Bank BJB will continue to strengthen its position as the main choice bank by prioritizing innovation, digitization, and quality services, in line with the principles of sustainability and prudence.

Ke depan, Bank BJB akan terus berupaya untuk memperkuat posisi untuk menjadi Bank pilihan utama masyarakat dengan fokus pada inovasi, digitalisasi, serta peningkatan kualitas layanan, dengan tetap mengepankan prinsip kehati-hatihan, sebagai modal penting bagi perseroan dalam menghadapi tantangan kedepan, serta memperkuat posisi perseroan sebagai institusi keuangan yang berpercaya dan berorientasi pada masa depan.

With these various achievements, Bank BJB not only proves its toughness in the midst of economic dynamics, but also strengthens its commitment to inclusive, innovative, and sustainable growth.