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

Application-based transportation provider, Grab Indonesia (Foto Ist)

Jumat, 19 Oktober 2018 - 11:43 WIB

SoftBank Case, Lippo Bribes Question Grab Business amid Blood Money Swirl

Two major cases which have now charged Grab investors, namely SoftBank and Lippo Group, are expected to threaten the online transportion operator's business credibility.

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…