JAKARTA. The major banks continuously enhance the compositions of cheap funds or current account and saving account (CASA) over third party funds. The banks continuously boost efficiency to maintain the profits margin and profits growth.
Consumer Director of PT Bank Negara Indonesia Tbk (BNI) Anggoro Eko Cahyo said, BNI is targeting to secure a two-digit in 2017 to maintain the major portion of current account and saving account (CASA) over third party funds. The cheap funds at least may grow by 10% in this year, Anggoro told KONTAN, Tuesday (7/2).
Under this growth assumption, BNI may generate as much as Rp 174.52 trillion-Rp 182.46 trillion by the end of 2017. As per the end of 2016, BNI’s saving funds have amounted to Rp 158.66 trillion.
Meanwhile, the cheap funds of BNI that are derived from giro will increase from Rp 122.65 trillion in 2016 to around Rp 134.91 trillion-Rp 141.04 trillion. “Basically, we will maintain the composition of cheap funds at the range of 65%,” Anggoro said.
The website of BNI reveals that the portion of cheap funds will reach 84.6% of the overall third party funds. For comparison, the CASA of BNI grew by 61.1% in 2015. Management of BNI said that the bank was able to maintain the costs of fund rate to be stable at the level of 3.1%.
Maintaining margin
The major portion of cheap funds over third party funds will allow BNI to maintain the net interest margin (NIM) at the range of 6%. The NIM ratio of BNI as of the end of 2016 reached 6.2%. This is expected to improve the net profit growth in this year.
Likewise, Consumer Director of PT Bank Rakyat Indonesia Tbk (BRI) Sis Apik Wijayanto said that BRI will maintain the portion of cheap funds at the range of 60% or at least equal with the portion in 2016. This bank had maintained the compositions of cheap funds and deposits funds at the level of 60.6% and 39.4%, respectively as of the end of 2016.
As of the end of 2016, BRI recorded a total of third party funds of 723.8 trillion. The deposits, saving, and giro contributed to Rp 285.4 trillion, Rp 297.6 trillion, and Rp 140.8 trillion of the total third party funds in that period.
PT Bank CIMB Niaga Tbk also tries to raise the composition of third party funds. Consumer Director of Bank CIMB Niaga Lani Darmawan said, the bank will be focusing on providing cheap credits to the consumers. “We will maintain the portfolio of the cheap funds at 52% over third party funds,” Lani said.
However, this bank does not set a high target of third party funds growth. CIMB is only targeting an 8% third party funds growth in 2017. As of November 2016, CIMB’s third party funds dropped by 3.44% to Rp 168.88 trillion compared with the same period in 2015. (Muhammad Farid/Translator)
