BTN finance director Nixon Napitupulu said in Jakarta on Wednesday that, under the digital transformation, the bank would further develop its digital platforms to reduce operating costs and expand its reach.

In addition, the bank would seek cheaper funding sources to finance its mortgage loans. “We will focus on boosting savings while focusing on retail time deposits,” he said during a press briefing after an extraordinary general shareholders’ meeting in Jakarta, which officially appointed former Pertamina finance director Pahala Mansury and three other people to the board of directors.

In addition to Pahala, who was the president director of national flag carrier Garuda Indonesia before working for Pertamina, the shareholders appointed the former deputy chief of the Corruption Eradication Commission (KPK), Chandra Hamzah, as the bank’s chief commissioner.

Nixon said he was confident that the strategy could boost the bank’s liquidity through new innovation for savings accounts that could provide cheaper, alternative funding sources. The bank would also launch a new program to boost time deposit accounts from retail customers next year, as currently, Nixon said, most of its time deposits came from institutional customers.

“We’re reducing our time deposit structure to retail from institutional, because honestly, time deposits for institutional customers are higher by 1 percentage point than retail in total,” he said, expressing hope that the appointment of former Bank Mandiri senior vice president Jasmin as BTN’s distribution and retail funding director would support the transformation.

Andi Nirwoto, BTN’s newly appointed director of operations, IT and digital banking, said during the same event that the bank would focus on developing its digital banking platform to lure more customers to conduct transactions through the bank.

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