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26 April 2012

CONSISTENTLY EMPOWERING THE MASS MARKET SEGMENT - LOANS TO GROW 30%

Jakarta, 26 April 2012. In a period of one year (1 April 2011 - 31 March 2012), SMBCI’s mass market empowerment program, known as Daya, has reached 841,801 beneficiaries. This number shows an increase of 77% over the same period last year, which recorded 474,670 beneficiaries. The number of activities and training classes held also increased 109% from 14,639 events (as of March 2011) to 30,591 events (as of March 2012).

Jerry Ng, SMBCI President Director, explained that Daya is a measurable and sustainable mass market empowerment program. "SMBCI consistently develops Daya, because we believe that by empowering customers, this will have a direct impact on the Bank's business growth."

The result is reflected in the Bank’s growth performance during the first quarter of 2012. Loan disbursements reached IDR 32.1 trillion, or 30% compared to the same period in 2011, which reached IDR 24.7 trillion. Lending growth remains balanced with the application of prudent principles, which is reflected in the \non-performing loans (gross) amounting to 0.74%, down compared to the first quarter of 2011, which recorded at 1.02%.

Balancing this loan growth, by March 31, 2012, the Bank’s third-party funds reached IDR 37.2 trillion, or an increase of 38% compared to the same period in 2011, which reached IDR 27.0 trillion. Going forward, SMBCI can continue to grow with its strong capital adequacy ratio (CAR) of 22.2% at the end of the first quarter of 2012.

With both loans and deposits growing, SMBCI assets grew 32% from IDR 36.7 trillion (March 31, 2011) to IDR 48.5 trillion (March 31, 2012), while net profits reached IDR 439 billion.

In less than three years, the Bank has grown rapidly. Currently, SMBCI serves more than 1 million customers through a more than 1,200 network of offices that operate online real-time, spread across the archipelago from Aceh to Papua.

"In the future, with the support of our stakeholders, SMBCI will continue to develop Daya to reach out to the mass market community. We believe this will strengthen the Bank’s performance, " Jerry concluded.

For further information, please contact:

PT Bank SMBC Indonesia Tbk
Andrie Darusman, Communications & Daya Head
Email: [email protected] or [email protected]

SMBC Indonesia in brief

PT Bank SMBC Indonesia Tbk (SMBC Indonesia)—formerly PT Bank BTPN Tbk (Bank BTPN)—is a foreign exchange bank resulting from the merger of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia in February 2019. Driven by the spirit of "Do Good, Be Great," SMBC Indonesia aims to create more meaningful growth for society through innovative and comprehensive financial solutions centred on meeting customers' needs across various segments. SMBC Indonesia provides products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. Additionally, SMBC Indonesia has subsidiaries, including PT Bank BTPN Syariah Tbk, serving customers from productive underprivileged communities, and financing companies PT Oto Multiartha (OTO) for four-wheel vehicles and PT Summit Oto Finance (SOF) for two-wheel vehicles. SMBC Indonesia's commitment to positively and sustainably impacting the broader community is also reflected through Daya. This sustainable and measurable empowerment program offers regular training to enhance personal capabilities and capabilities for a more meaningful life.