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 Neo Commerce looks to new products in search of profit
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Two people chat behind a desk at Bank Neo Commerce (BNC)’s Jakarta offices in December 2021. (Courtesy of Bank Neo Commerce/-)
B
ank Neo Commerce is targeting its first profit this year through an expansion of its business and the launch of several new products, including wealth management and loan services.
The digital bank’s president director, Tjandra Gunawan, said he could not disclose the specific figure yet but that the bank was looking to achieve a “single-digit profit”.
BNC's strategy is aimed at increasing fee-based income.
One of the new offerings is a wealth management service that would allow BNC users to invest in mutual funds directly through the bank’s app.
“We will launch this wealth management product, hopefully in the next two to three months,” said Tjandra on Wednesday.
Read also: Allo, Jago, Bank Neo Commerce wrap up H1 with strong growth
