BANK SUMSEL BABEL HOLDS GMS, CONSTRUCTING SOLID GROWTH AND SUSTAINABLE STRATEGY

BANK SUMSEL BABEL HOLDS GMS, CONSTRUCTING SOLID GROWTH AND SUSTAINABLE STRATEGY

JAKARTA, Indonesia - March 06, 2024

Bank Sumsel Babel, an important financial pillar in South Sumatra and Bangka Belitung, today held a General Meeting of Shareholders (GMS). The aim of this important meeting is to formulate and validate a sustainable growth strategy and strengthen the foundation for further expansion based on improved performance over the previous year.

During the year (2023) Bank Sumsel Babel achieved impressive performance achievements. With total assets increasing by 8.80% from the previous year (yoy), the Bank demonstrated not only the ability to manage sustainability but also significant growth potential.

Third Party Funds (DPK) reached IDR 27.13 T, reflecting the continued increase in trust from customers as well as increased capabilities in managing and allocating resources efficiently.

As a manifestation of the Bank's high commitment to supporting the local economic sector, especially micro, small and medium enterprises, Bank Sumsel Babel succeeded in disbursing credit with a significant increase of 13.35%,

Profit before tax also showed an extraordinary increase, namely Rp. 760,503 billion or an increase of 8.40%, which is proof that efficient management, product innovation and excellent service provide added value for shareholders and customers.

Bank Sumsel Babel's success during the year (2023) is the result of a long-term growth strategy that focuses on innovation and increasing efficiency. The President Director of Bank Sumsel Babel, (Achmad Syamsudin), showed high optimism in holding the GMS: "We are maximizing this opportunity to discuss and formulate the next strategic plan with shareholders. With this strong momentum, we are confident that Bank Sumsel Babel will continue to show positive performance and creating added value for all stakeholders." The lid