TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Bank BJB wins 1st place in Annual Report Award 2016 contest
Bank BJB continues its efforts to achieve quality growth far above the banking industry average in Indonesia. This time, the company proved its mettle by winning first place at the recent Annual Report Award (ARA) 2017 under the Provincial Administration-Owned Enterprise (BUMD) Listed Company category. This year's ARA event marked the 16th time the event was held.
Change Size
Photo: Courtesy of Bank BJB
B
ank BJB continues its efforts to achieve quality growth far above the banking industry average in Indonesia. This time, the company proved its mettle by winning first place at the recent Annual Report Award (ARA) 2017 under the Provincial Administration-Owned Enterprise (BUMD) Listed Company category. This year's ARA event marked the 16th time the event was held.
Accepting the award was Bank BJB president director Ahmad Irfan, Bank BJB chief independent commissioner Klemi Subiyantoro and Bank BJB finance director Nia Kania, alongside the entire management of Bank BJB in Jakarta on Sept. 19.
"This award is the result of teamwork in all layers of Bank BJB. Everyone has harmonized in such a smart way that has allowed Bank BJB to win first place at ARA 2016," Irfan said during the awards ceremony.
The goal of ARA, as planned by the Financial Services Authority, is to work together with the State-Owned Enterprises Ministry, the Tax Directorate General, Bank Indonesia, the Indonesia Stock Exchange, the National Committee on Governance Policy and the Indonesian Accountants Association to increase the quality of information and governance.
ARA is a prestigious awards ceremony designed to evaluate the implementation quality of good corporate governance. It does this by use of applicable international rating provisions. ARA's central theme is: "Quality of Information Disclosure to Support Sustainable Company Performance in Winning Global Competition."
By successfully earning the first-place spot in the BUMD Listed Company category, the bank has demonstrated its commitment as the nation's largest regional development bank to implementing the principles of good corporate governance and in complying with all applicable laws and regulations.
This has allowed Bank BJB to produce some of the best work performances among banks in Indonesia. It has also allowed the bank to register positive growth in work performance.
During the second quarter of 2017, Bank BJB registered an increase in financial work performance of Rp 85.4 trillion year-on-year (yoy), or a growth of 15.6 percent. The bank's total assets are registered at Rp 108.6 trillion, an 11.7 percent growth yoy.
As a banking organization that also functions as an intermediary, Bank BJB has also successfully registered credit growth of 12.9 percent yoy, far above the banking industry's average growth of 7.77 percent. The total credit channeled was Rp 68.2 trillion.
This credit growth was accompanied by Bank BJB's success in keeping its non-performing loan ratio at a level of 1.57 percent, down 45 bps, much better than in the second quarter of 2016 at 2.02 percent. This positive work performance earned Bank BJB net profits of Rp 829 billion.
"This excellent achievement in work performance cannot be separated from the support of all parties that have helped Bank BJB become even better. Thanks to the company's implemented strategy of sustainable banking that harmonizes policy and business process into one policy architecture, all the internal business processes at Bank BJB have become more effective, efficient and secure for the long-term business continuity of Bank BJB," Irfan said.
