Bank Victoria recently attended the Investor and Capital Summit Expo 2016 held in Surabaya from the 18th-20th August 2016. During event, Bank Victoria announced its positive financial performance for the first semester of 2016 amidst a recent economic slowdown in Indonesia’s banking sector. Present at the Expo was Mr Daniel Budirahayu as President Director of Bank Victoria, Mr Rusli as Deputy President Director and Mr Muhammad Rakmadhani as the Associate Director of Operations and Systems.
According to Mr Budirahayu, Bank Victoria’s positive financial performance was supported by an increase in total assets from 20.1 trillion IDR to 25.2 trillion IDR, a rise of 25.25% and the growth of its credit which totalled 14 trillion IDR from 12.1 trillion — an increase of 16.13% from the previous year. Furthermore, the bank’s third party funds also increased by 33.95% from 15.4 trillion IDR in 2015 to 20.7 trillion IDR in 2016.
As further evidence of the bank’s continued expansion as well as mission to further incorporate the latest technology into its operations, Mr Budirahayu also announced the launch of Bank Victoria’s internet and banking service as well as the opening of its latest branch in the city of Manado. By providing greater convenience through this service, the bank offers a constant on-demand online presence that is needed to cater to the latest retail market trends among consumers outside of the Greater Jakarta Area.
Despite a lacklustre economic environment, Bank Victoria’s recent financial performance in the first-half of 2016 demonstrates the bank’s controlled approach to risk. This prudent manner is stemmed from Bank Victoria’s Good Corporate Governance principles which provide the framework to ensure business activities are conducted within approved parameters so as to achieve sustainable growth.