To further cater to rising disposable incomes, Bank Victoria offers a variety of long-term savings and deposit account plans that serves the varied demands of the country’s middle-class. These include the V-Plan savings account which assists clients in cash management for needs such as financing for education and home renovations — in taking this plan, clients are also eligible for free life insurance protection. Furthermore, Bank Victoria offers the V-Business Plan; this special savings account mainly caters for business clients and offers competitive interest rates and no monthly administration fees; an attractive incentive for Indonesian businesses.
Read MoreThrough Bank Victoria’s focus on retail banking, the bank aims to build its brand recognition across Indonesia as a reliable, trustworthy financial institution that can cater to Indonesia’s strong domestic market as well as the latest consumer demands from the country’s affluent middle-class. As of 2015, Bank Victoria’s consumer lending totalled to 544,281 million IDR, an increase of 0.35% from 2014. This is reflective of the growing dynamic needs of Indonesian consumers and Bank Victoria’s ability to adapt to those needs. As a boutique bank renowned for its close relationships with its clients, the bank focuses on offering products that cover the needs of its diverse customer segments.
Read MoreBank Victoria has gained renown as a commercial bank within the sphere of MSME financing, differentiating it from its competitors and enabling it to tap into this highly lucrative yet under-served segment. The bank offers a broad range of commercial and multi-finance lending products, making available between 10-25 billion IDR in commercial loans for more well-established MSMEs as well as 1.5-10 billion IDR in medium enterprise loans. Furthermore, the bank provides 250 million IDR and up to 1.5 billion IDR for micro enterprises.
Read MoreThe bank’s corporate lending strategy has targeted investments in manufacturing, real estate (commercial and residential), telecommunications and energy among others. With the Indonesian government focusing to enhance the country’s competitiveness within these industries, Bank Victoria is thus well-positioned to finance projects that are integral to the country’s economy. Moreover, Bank Victoria’s fund managers have the necessary skills and experience across a broad range of sectors to provide specialist corporate advice, that assist clients in achieving their corporate investment needs.
Read MoreIn accommodating the tech-savvy modern Indonesian consumer, the bank provides transactional convenience for its customers and allows Bank Victoria to stay competitive among Indonesia’s continuously digitalising banking industry. As a fully integrated bank, Bank Victoria’s utilisation of digital technology has enabled it to engage with clients seamlessly across conventional and digital channels. The bank’s endeavour into internet banking is combined with its strength in offering personalised customer experience.
Read MoreAs a source of fee-based income, the bank’s Board of Commissioners and the Risk Monitoring Committee closely monitor and evaluate the implementation of risk management in order to support Bank Victoria’s growth strategy. Clients are provided a comprehensive treasury management service that is tailored to the needs of their businesses. This consists of an Accounts Receivable Management Services, Accounts Payable Services, Liquidity Management, Reporting Services and Trade Finance Services.
Read MoreThe bank provides a comprehensive and personalised service in investment management and financial planning, offering the optimal investment portfolio for individual clients as well as families. Bank Victoria’s experienced wealth managers address the interconnected concerns of wealthy individuals and families so as to deliver a customised spectrum of financial planning services and investment options. As part of the bank’s wealth management strategy, Bank Victoria offers a range of life insurance policies (bancassurance programmes) through its collaboration with esteemed insurance providers PT BNI Life Insurance and PT Asuransi Jiwa Generali Indonesia among others.
Read More