CEO of Bank Sumsel Babel Awarded TOP 100 CEO OF THE YEAR 2024

 Amidst the challenging economic dynamics and the fluctuating performance of several Regional Development Banks (BPD), Bank Sumsel Babel has demonstrated solid resilience and growth. This achievement is largely attributed to the transformative strategies and innovations implemented under the leadership of its CEO, Achmad Syamsudin, who has recently been recognized as one of the TOP 100 CEOs of 2024 by Infobank Magazine.

Bank Sumsel Babel has proven its ability to adapt and grow in a dynamic economic environment. Visionary leadership, measurable transformation strategies, and continuous innovation have been the keys to Bank Sumsel Babel's success in maintaining positive performance and making optimal contributions to the regional economy.

Positive Financial Performance

The positive performance of Bank Sumsel Babel is reflected in significant asset growth, reaching IDR 38.56 trillion in the third quarter of 2024, an increase of 7.5% year-on-year. This growth was driven by an 8.6% rise in Third Party Funds (DPK) to IDR 9.80 trillion and credit disbursement totaling IDR 21.85 trillion, up 3.7% compared to the same period last year. The bank also reported encouraging net profit of IDR 430.21 billion.

Innovation and Digitalization-Based Transformation

The success of Bank Sumsel Babel is closely tied to its commitment to transforming three main areas: business processes, systems, and human resources. This transformation has been realized through various innovations, including increasingly accessible digital banking services such as virtual accounts, Open API, and BI-Fast. Bank Sumsel Babel is also actively supporting the MSME sector through sustainable credit distribution.

Maintained Efficiency and Profitability

Despite recording significant growth, Bank Sumsel Babel has been able to maintain operational efficiency. The operational expense to operational income ratio (BO/PO) stands at 79.31%, while profitability remains healthy, with a return on assets (ROA) of 1.98% and a return on equity (ROE) of 13.03%.