Swelling And Still Crushing! Bank KB Bukopin's Losses Reach Rp1.32 Trillion In Three Months

Photo: Doc. KB Bukopin

JAKARTA - PT Bank KB Bukopin Tbk (BBKP) had to suffer huge losses in the first three months of this year. The value is IDR 1.32 trillion.

Citing the company's financial report released on Sunday, May 16, the loss was much larger than the same period last year of IDR 167.11 billion. One of the triggers was the decline in total interest and sharia income which only reached Rp. 1.01 trillion from Rp. 1.08 trillion in the first quarter of 2021.

In addition, the increase in the allowance for impairment losses on net financial assets which reached Rp1.55 trillion.

During this period, the company's total assets also decreased. At the end of 2021, the value is Rp. 89.2 trillion, while in the first quarter of 2022 it will be Rp. 81.03 trillion.

In addition, Bank KB Bukopin's equity also decreased from IDR 13.2 trillion in 2021 to IDR 11.85 trillion.

Previously, the President Director of KB Bukopin Chang Su Choi revealed that his party would actively continue to carry out their new strategy entitled "Next Level Banking" as 2022 runs.

After releasing a corporate video entitled "Next Level Banking KB Bukopin x aespa" featuring 4 girl group personnel from South Korea, namely AESPA, the next step that KB Bukopin will take is to implement the migration of the core banking system to the New Generation Banking System (NGBS), outlet transformation, and improve distribution network throughout Indonesia at the same time.

"KB Bukopin is determined to be more customer-oriented, digital, and efficient. This change in the banking system is focused on customer-oriented management, management that respects local wisdom, and IT-based finance. Accompanied by efforts to transform outlets and improve distribution networks, we hope that to make the service easier, faster and more convenient," said Chang Su Choi.