The Bank Owned By Chairul Tanjung Targets IDR 51 Trillion Of Credit Distribution

Chairul Tanjung conglomerate. (Photo: Doc. Antara)

JAKARTA - The banking company owned by Chairul Tanjung, PT Bank Mega Tbk, is targeting credit growth of 6 percent in 2021. That means the bank coded as MEGA shares is targeting a loan distribution of IDR 51 trillion by the end of the year.

"This year, Bank Mega's profit will continue to grow, driven by credit growth and commission income that we will encourage this year", said Bank Mega President Director Kostaman Thayib, in a virtual public expose, Wednesday, February 17.

For information, last year, bank credit belonging to the 9th richest person in Indonesia was minus 6 percent to IDR 48.5 trillion. In detail, the corporate loan segment is still the largest contributor to Bank Mega's credit growth with a portion of 55 percent, with a value of IDR 26.20 trillion.

Then followed by a 24 percent portion of joint finance loans to IDR 11.42 trillion, and a credit card portion of 13 percent of IDR 6.38 trillion, and retail and commercial loans of 7 percent worth IDR 3.5 trillion.

In the last year where the COVID-19 pandemic hit, Bank Mega's net profit actually jumped 50 percent to IDR 3.01 trillion at the end of 2020. In the previous year, Bank Mega 'only' made a net profit of IDR 2.0 trillion.

Kostaman said the profit growth came from net interest income and commission income. Bank Mega noted that net interest income grew 9 percent to IDR 3.9 trillion, and commission or fee-based income grew 26 percent to IDR 2.9 trillion.

"We are targeting to get a net profit of IDR 3.5 trillion by the end of the year", said Kostaman.