JAKARTA – PT Bank Neo Commerce Tbk (BBYB) has outlined its strategic plan for 2025, highlighting digital innovation and cost efficiency to remain competitive in the banking industry.

BBYB’s President Director, Eri Budiono, stated, "We closely monitor the bank’s performance on a monthly basis. Up until September 2024, we have recorded positive results. Moving forward, we aim to maintain credit quality and carefully manage operational expenses to ensure competitiveness," he said during BBYB's Public Expose on Thursday (19/12).

To lower its cost of funds, BBYB will focus on bundling and referral programs designed to increase its portion of low-cost funds. This approach is expected to stabilize the bank’s liquidity position.

However, management remains cautious of economic challenges, particularly the implementation of the 12% VAT, which could impact consumer purchasing power.

"We will continue to observe the effects of this policy. Despite these challenges, we believe the banking industry still holds significant growth potential," Eri added.

He also confirmed that the divestment of shares in Akulaku Group would be carried out gradually over the next five years, in accordance with regulations. As of September 2024, PT Akulaku Silvrr Indonesia remains the controlling shareholder of BBYB with a 27.32% stake.

Additionally, the company is in discussions with potential new investors to support its future growth.

Then, with a Loan to Deposit Ratio (LDR) still relatively low at 65%, BBYB is optimistic about maintaining liquidity stability while increasing profitability.

"Our liquidity sources are primarily dependent on deposits, but as we generate profits, other stream will open up," he concluded. Bank Neo remains confident that these strategic initiatives will reinforce its position as a leading digital bank in Indonesia. (DK/ZH)