During the meeting, BWS announced three candidates for director: Akhmnad Svailendra Hidayat, Irzal Yulian Pribadi and Makhrizal Siregar. Their appointments will become official upon approval from the Financial Services Authority (OJK) through a fit and proper test.

Financial highlights

Despite economic fluctuations in Indonesia and globally throughout 2024, BWS recorded a net profit of IDR 516.13 billion (USD 31.1 million).

Loan disbursements grew 6.47 percent to reach IDR 46.08 trillion, up from IDR 43.27 trillion in 2023. The bank maintained strong credit quality, reflected in a nonperforming loan (NPL) ratio of 1.28 percent, well below the regulatory threshold.

Other key financial indicators remained solid, including a capital adequacy ratio (CAR) of 31.09 percent, return on assets (ROA) of 1.16 percent and return on equity (ROE) of 4.77 percent.

BWS also saw third-party funds (DPK) grow 2.42 percent from the previous year to reach IDR 31.94 trillion. Total assets grew 7.13 percent to IDR 58.73 trillion, while equity surged 34.15 percent to IDR 13.78 trillion, supported by strong performance and the Rights Issue IV (HMETD IV) conducted last year. Core capital also increased 27.6 percent to IDR 11.6 trillion compared to the previous year.

Future Strategy

Looking ahead, BWS remains committed to strengthening the performance of its core business to drive optimal profit growth. The bank plans to accelerate healthy asset growth, supported by an increase in low-cost funds (CASA) to sustain business expansion. Additionally, it will continue to enhance digital banking services by introducing new features that cater to the evolving needs of customers.

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