Bukopin Bank Increases Efficiency, Operational Cost Down 5 Percent

By : Wiyanto Dan Aldo Bella Putra | Tuesday, May 15 2018 - 19:00 IWST

Bank Bukopin. (Foto: IST)
Bank Bukopin. (Foto: IST)

INDUSTRY.co.id - Jakarta - During the first four months of 2018 Bank Bukopin reduced its operational cost by 5% compared to the same period in 2017, from Rp907 billion to Rp859 billion. The company has initiated several initiatives to improve efficiency such as through digitization of the Core Banking System that has an impact on efficiency product business processes.

"With the application of Core Banking digitalization, there has been a migration of transactions from outlets (offices) to other electronic channels by 30%," said Director of Finance and Information Technology Adhi Brahmantya, Tuesday (15/05/2018).

In addition, through the launch of Wokee digital products, Bank Bukopin also simplifies business and operational processes, including efficiency in the opening of savings, bookless transactions and cardless cards; Wokee is a digital banking savings product of Bank Bukopin. The service provides a number of digital-based features, ranging from account opening to online banking transactions. Efficiency measures are also undertaken by the Company through an evaluation of a number of routine corporate costs.

"Through this step, during the first four months of this year the Company succeeded in reducing the routine cost. We are targeting a 10% decrease in routine costs by the end of 2018, "he explained.

In addition to efficiency, the Company has also diversified its revenue gradually through increased fee-based income. Efforts to boost non-interest income are made through the launch of Flexy Bill products, increased volume of bank guarantee, public service transactions, wealth management, and credit card usage upgrade program. The series of moves resulted in an increase in fee based income of 41% from Rp252 billion in April 2017 to Rp354 billion in April 2018.

"Bank Bukopin currently serves more than 12 million retail customers each month through 20,000 points spread across Indonesia for public service transactions," he said.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…