JAKARTA, RAKYAT NEWS – PT Bank KB Bukopin Tbk has outlined a strategic roadmap to achieve a financial turnaround by 2025. Since launching its transformation program in 2021, the bank has shown notable improvements, including enhanced asset quality and significant growth in net-interest income.

The bank’s management is now targeting a substantial increase in net-interest margin and loan growth to drive profitability.

During a public expose on December 20, 2024, CEO Tom (Woo Yeul) Lee highlighted key achievements in the bank’s transformation journey. He noted a substantial improvement in asset quality, with the loan-at-risk (LAR) ratio dropping from 65% in 2021 to below 25% as of the third quarter of 2024. Additionally, the bank’s net-interest income has experienced significant growth, marking a crucial milestone in its financial recovery.

“The transformation program has also led to a revamp of our core banking system, alongside stronger risk management standards,” said Lee. “These improvements have set the foundation for further growth and profitability.”

Vice President Director Robby Mondong added that KB Bukopin plans to expand its loan portfolio in high-growth sectors such as mining and healthcare by 2025. The bank also aims to accelerate its current account and savings account (CASA) growth through strategic partnerships with digital aggregators and communities such as schools and universities.

The bank’s Chief Financial Officer, Jang Hyuk Im, further emphasized the importance of strengthening its financial fundamentals this year. He revealed that KB Bukopin’s main focus for 2025 will be enhancing net-interest margin to 2.30%. This will be achieved by expanding its loan portfolio by 20-25% and reducing the cost of funds.

YouTube player