Bank MNC 2014

Change in BOD and BOC

In 2014 the company has appointed Benny Purnomo as president director of the company, he replaced Sindbad Hardjodipuro (formerly writer’s area manager) who fulfilled new position as Director of Business banking. In 2014 MNC Capital Indonesia Tbk acquired ICB Bumiputera and it changed its name become MNC Bank. In addition, the company appointed Bambang Ratmanto as the president commissioner.

Change in shareholder

Based on annual report in 2014 MNC Capital Indonesia Tbk acquired only 39.68 % total share of the company. The former controller’s share holder, ICB Financial group holding who owned 69.90 % total share sold all their stock in the company.

The biggest part of its loan in rupiah currency was allocated in business service sector which was amounted to IDR 1,752 billion. It was increased 25.5 % up compared to the same sector in 2013. Meanwhile largest loan in foreign currencies was put in manufacturing sector which was amounting to IDR 624,546 million. For overall, the company is concerning in business service sector.

The gross loan growth in 2014 was 13.4 % up compared to the gross loan in 2013. Although the economic growth declined in 2014, the company was able to increase its loan portfolio. Business service was the biggest contributor in the loan growth of 2014. The largest non performing loan was from transportation, communication and warehouse sectors.

In spite of the company loss in 2014, it was able to decrease loss from IDR -81,740 million in 2013 to IDR -54,550 million 2014. As the result of that the company could improve its return on equity.

Acquisition for advancing digital banking and MNC tencent (we chat)?

The MNC group may possibly buy MNC Bank in order to create synergy with its others business segment such as MNC Tencent which operates We Chat. The feature of we chat may possibly be added such tool for doing transaction. The similar product has been available in Indonesia such as Mandiri e-cash and rekening ponsel. Those product use cell phone number as its bank accounts for transaction. I consider the product will be more sophisticated.

MNC Bank has opened several branchless banking rooms in Jakarta to create its digital banking in Indonesia.

Source: Financial statement 2014 and news paper