Bank Victoria’s treasury division efficiently manages the liquidity and capital of the bank so as to ensure financial risks associated with currency volatility are managed successfully. As 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. Through these key offerings, Bank Victoria provides integrated cash management solutions and online tools to help clients achieve their financial objectives.
With improving collaboration between Indonesian banks and the country’s financial regulators, the country’s banking system is gradually becoming better placed to adhere to efficient cash management practices. As the country aims to benefit from the implementation of the AEC, Indonesia’s business sector is realising the importance of managing capital effectively, looking for greater efficiency in payments, collections as well as improving their liquidity. Bank Victoria’s treasury management service, in providing comprehensive cash management service, demonstrates its effectiveness in minimising the cost of funding and maximising capital efficiency. To support the bank’s long-term growth strategy, Bank Victoria’s corporate governance practises ensures that risk management initiatives are done in a prudent manner and that the necessary framework is in place to monitor risk throughout its business activities.
The treasury management services provided at Bank Victoria offers clients the capabilities to address challenges related to liquidity and fund management. Furthermore, by incorporating the bank’s electronic banking system, clients are reassured with the knowledge that their funds are secured, providing the foundation for customer loyalty and greater brand recognition for the bank.