Heaptalk, Jakarta — PT Bank Neo Commerce Tbk (BNC) affirmed to accomplish the Core Capital Fulfillment Process mandated by Financial Services Authority (OJK) in November 2022. Currently, this banking company is in the process of Capital Increase with Pre-emptive Rights (PMHMETD) or Right Issue. The process is still aligned with the schedule and is awaiting approval from the Financial Services Authority (OJK).
The company will use the funds from the rights issue to strengthen core capital and working capital for the company’s business development, including lending and other banking operations. Ahead of implementing this Right Issue, BNC continues to evince impressive growth in the third quarter of this year.
BNC also aims to advance its business by launching new products and features on the Neobank application to respond to societal matters related to the proper financing platform for them. The superior products cover Neo Wish, Neo Emas, and Neo Loan. The BNC’s consistency in introducing its innovative products has delivered the enhancement indicator of this company, reflected in the financial report in this quarter of 2022.
In terms of the company’s Fee-Based Income, BNC demonstrated growth of 342.03%, becoming Rp254.1 billion in Q3 of 2022, compared to the equivalent period in 2021. Meanwhile, regarding the credit disbursement, Neo Bank Commerce has reported an improvement worth Rp8.9 trillion in September 2022, enhancing 131.77% or equal to Rp3.84 trillion, compared to the same period last year. As a result, BNC’s net interest income has escalated notably by 350.78%, or approximately worth Rp1,089 trillion, in Q3 of 2022.
In addition, the increase in Fee-Based Income and net interest income in the third quarter of 2022 has contributed to the banking company’s profit of Rp10.1 billion as of September 2022. Thus, BNC’s net loss in September 2022 was reduced to Rp601.2 billion, compared to the former of Rp611.3 billion. This banking platform also estimates the net loss figure will decline significantly by the end of this year.
The Director of PT Bank Neo Commerce, Tjandra Gunawan, stated, “Currently, we have completed the registration process for the implementation of the rights issue to execute core capital fulfillment, which is still under checking from OJK, expecting the BNC’s core capital fulfillment would achieve by the end of this November. As Commercial Banks and Public Companies, BNC aims to continue to comply with applicable laws and regulations, including the obligation of core capital fulfillment. Regarding the business side, we have also recorded the company’s revenue up to Rp10.1 billion in the Q3 of 2022. This accomplishment has become a potential indication of the company’s performance,”
