BSG, Regional Bank Owned By Conglomerate Chairul Tanjung Targets To Fulfill Core Capital Of IDR 3 Trillion By 2024

PT Bank Pembangunan Daerah (BPD) North Sulawesi and Gorontalo (BSG). (Photo: Doc. Bank Sulutgo)

JAKARTA - The Extraordinary General Meeting of Shareholders (EGMS) of banks belonging to conglomerate Chairul Tanjung, PT Bank Pembangunan Daerah (BPD) North Sulawesi and Gorontalo (BSG) targets to meet core capital of IDR 3 trillion by 2024.

"In this EGMS, it was agreed to follow up on the results of the GMS Resolution No. 0S of 2021 regarding the fulfillment of bank core capital of IDR 3 trillion until 2024," said BSG President Director Revino Pepah, in Manado, quoted from Antara, Tuesday, March 8.

He explained that core capital is capital from bank shareholders which functions as a buffer and absorbers of bank failures and protects wadiah (deposit) or qard (loan) account holders, especially assets funded by own capital.

The GMS this time also approved the reversal of the regional government's premium to be paid in capital in BSG. In addition, the granting of authority to the Controlling Shareholders (PSP) to ratify the Bank's Business Plan (RBB) and the Company's Work Plan and Budget (RKAP),

"The EGMS also proposed an increase in pension benefits for the company's retirees," he said.

On this occasion, the annual report on the company's operations during the 2021 financial year and an explanation of the Bank's Business Plan (RBB) 2022 - 2024, are also on the agenda for discussion.

The EGMS also includes the ratification of the financial statements for the 2021 financial year, the determination of the use of net profit for the 2021 financial year and the determination of funds for the 2022 BSG corporate social responsibility and sustainable finance activities.

The granting of authority to the Board of Commissioners to appoint a Public Accounting Firm that will audit the company's financial statements for the 2022 Fiscal Year is also included in the discussion of the Extraordinary General Meeting of Shareholders.

He hopes that in the future BSG services as BPD will be more excellent, which is supported by digital services.