Bali, Monday (17/10/2022) -- Transformation has been the driving force behind the performance growth of State-Owned Enterprises (SOEs) in the last three years. As one of the locomotives in the state-owned bank sector, PT Bank Negara Indonesia (Persero) Tbk. or BNI (stock code: BBNI) is still optimistic that its performance will remain on a positive path with the implementation of prudent risk management.
According to Minister of State-Owned Enterprises Erick Thohir, the transformation has so far produced results in the form of brilliant performance in the last 3 years. Moreover, SOEs have succeeded in encouraging transformation programs coupled with efforts to improve sustainable performance.
In 2021, SOEs revenue reached US$160 billion, up 18.8% year-on-year (YoY), and net profit reached US$9 billion, up 838% YoY. SOEs assets stood at US$630 billion, representing 53% of Indonesia's GDP.
Erick also believes that transformation can still be the key to success for state-owned companies and business actors as a whole to respond to future economic developments.
"We are confident that we can continue to strengthen our portfolio, governance, risk management, human resources, corporate performance, and strategic partners to drive Indonesia's economic growth going forward," he said at the SOE International Conference #BUMNforG20 #SOEInternationalConference at the Bali Nusa Dua Conference Center, Monday (17/10/2022).
BNI President Director Royke Tumilaar said that BNI is part of the transformation of SOEs which continues to encourage healthy and sustainable growth.
By targeting top tier debtors in prospective industry segments accompanied by prudent risk management policies, BNI believes credit growth will reach 7% to 10% for 2022.
"Of course, transformation plays an important role. We continue to improve every line of business operations to improve the company's financial fundamentals and capabilities in carrying out intermediation functions, investment, and providing superior financial transaction solutions through digitalization. We hope that BNI's transformation journey can further strengthen the performance of economic recovery," he said.
Royke continued to argue that BNI has many opportunities that can be worked on in semester II. Moreover, we all know that the relatively strong growth of domestic consumption will encourage companies in various sectors to expand their business both in the large commercial segment and the small to consumer segment.
In order to encourage Indonesia's financial inclusion, BNI prepares various channels and programs that are expected to help encourage equity while increasing economic stability.
"We have three product champions, namely BNI Mobile Banking for banking solutions for individual customers, BNIDirect for financial management of institutional customers, and BNI Xpora which facilitates local Indonesian MSMEs to go international. We also have more than 164 thousand Agent46 to provide banking services for people in various remote areas," he said.