A Bank Owned By Chairul Tanjung Is Targeting A Profit Of IDR 3.5 Trillion In 2021

Chairul Tanjung conglomerate. (Photo: Doc. Antara)

JAKARTA - The banking company owned by Chairul Tanjung, PT Bank Mega Tbk is targeting net profit growth of around 16 percent in 2021. This means that the bank coded as MEGA shares is targeting a net profit of IDR 3.5 trillion by the end of the year.

"We are targeting to get a net profit of IDR 3.5 trillion by the end of the year", said President Director of Bank Mega, Kostaman Thayib in a virtual public expose, Wednesday, February 17.

Kostaman said that the target for net profit will be driven by credit growth and fee-based income. As for 2020, Bank Mega managed to score a profit of IDR 3.1 trillion, or a 50 percent growth compared to the achievements in 2019 which amounted to IDR 2 trillion.

Bank Mega is also aiming for a 6 percent credit growth in 2021. That means the bank which is owned by the 9th richest person in Indonesia is targeting a loan 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 which we will encourage this year", said Kostaman.

Last year, Bank Mega's credit 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.