Manado - North Sulawesi Bank (BS) in June 3, 2011 will celebrate its 50 years celebration. Entering the age of half a century, the Bank of North Sulawesi has managed to spread its business activities in 43 branches, covering 37 branches in the province of North Sulawesi and Gorontalo, as well as six branches in three important cities in Java, Jakarta, Surabaya and Malang. Jeffrey Wurangian. (foto: Liberty Gill)Public funds that have been collected through 43 branches of Bank of North Sulawesi is, carrying more than Rp 3.2 trillion. Overall fund is reflected in the form of demand deposit accounts, various types of savings, both from society and government. From the total funds belonging to people who saved at Bank of North Sulawesi, about Rp 900 billion of which successfully accumulated through six branches outside the province of North Sulawesi and Gorontalo. While the rest, around Rp 2.3 trillion accumulated through various types of accounts at 37 branches in the province of North Sulawesi and Gorontalo. More precisely, for almost 50 years Bank Sulut Founded, through 37 branch offices in two provinces, North Sulawesi and Gorontalo was only able to accumulate public funds amounting to Rp 2.3 trillion. Meanwhile, six new branches spread across three cities, Jakarta, Surabaya and Malang in a relatively short time won of public funds of about USD 900 billion, or about 28.1 percent of all funds available at the Bank of North Sulawesi. The remaining approximately Rp 2.3 trillion was collected through 37 branches in the province of North Sulawesi and Gorontalo. It means, 6 BS branches in three cities in Java has a productivity level of 28.1 percent, while 37 branches in the two provinces 71.9 percent productivity rate. The average cost in public funds per each of the branches in three cities in Java, Rp 150 billion, while the average cost of public funds at any branch in the two provinces, North Sulawesi and Gorontalo, Rp 50 billion. If the fund BS at six branch offices outside of North Sulawesi and Gorontalo pure public property and the business world, then the fund Rp 2.3 trillion in 37 branch offices of North Sulawesi and Gorontalo, the bulk of accounts held by the provincial and district governments. Kantor Cabang Bank Sulut di Jakarta. Seeing these facts, management of Bank Sulut in the future should be more encouraging BS branches performance outside of North Sulawesi and Gorontalo, particularly in Java. Mainly, because it is the largest part of funds that are circulating on the island of Java. Highest development still indeed concentrated in Java and Sumatra, Indonesia West Region. The reason it makes sense that because the bulk of Indonesia`s population lived and settled in the western region. "One of the elegant way that can be used, the BS should be able to compete for public attention or institutional owners / managers of these funds in Java for willing to keep their funds in the BS. Of course by trying to show quality performance of the Bank of North Sulawesi, "said Managing Director Dr. Jeffrey Wurangian BS to ManadoGO. Within that framework, continued Wurangian, BS will utilize the momentum of the 50th anniversary of the founding of the Bank of North Sulawesi, June 3, 2011 with the improvement of quality management and organization, adding BS service products, such as electronic banking, foreign exchange bank, extending the reach of ATM services, sought to develop products credit cards, and so forth. Ready for IPO According to Jeff Wurangian, besides improving the promotion to the wider community with a target to attract more and more new customers, as well as BS as the assessment of the various parties who are competent are able and ready to enter the capital market through bond issuance policy (debt) and the Initial Public Offering (IPO) , which sold shares to the public. The terms of the IPO has been met by the BS, including the position of Return On Equity (ROI) BS now reaches 36 percent, above the minimum requirements as stipulated by Bank Indonesia, which is 20 percent. Other requirements, BS in accordance to Bank Indonesia (BI) for 24 consecutive months in a healthy condition. Assessment is conducted every month, and if in the course of time become unhealthy condition, then the healthy assessment starts again from scratch. Then by rating Pefindo (Indoinesia Share Company), BS is in the rating of A-(A minus). Minimum paid up capital of a bank that wanted to do an IPO, must be above USD 150 billion (compared with BJB Bank`s paid up capital of Rp 4.5 trillion), the position of BS is like David in the middle of Goliath. However, although small, BS considered healthy for three years running by the BI. And therefore, eligible to sell its shares in the capital market. Outstanding NPLs (net performing loans), or the level of bad loans of Bank of North Sulawesi has a very low, only 0.3 percent. Achievement was far below the 5 percent minimum requirement as set by BI. BS operating costs, commonly called BOPO (Operating Revenues vs. Operating Costs) under the standard requirements of a maximum 85 percent. BS BOPO recorded only 79 percent. That is, from side BOPO, Bank of North Sulawesi to work efficiently. During the year 2010, BS earned net profit of Rp 96 billion, well above the target set by USD 50 billion. Moreover, the Bank of North Sulawesi currently operates with an interest rate is quite promising, ie, from 9.75 percent to 13 percent (depending on the type of loan). Credit Earning Rise In the future, Bank Sulut will boost credit produdktif to achieve the ideal number. Until the year 2009, or over 48 years of existence, the distribution of credit to the community that is dominated by consumer credit above 90 percent, while earning an average credit of less than 10 percent. But beginning in 2010, earning credits began to break up BS exceeded 20 percent. Recorded in the final report, earning credit BS over 27 percent in 2010. I am sure, in 2011, earning credits through the BS can figure above 30 percent, even 40 percent. (Jeffrey Wurangian) One of the tips that worked temporarily, BS will expand its service coverage to break through to all districts. In addition to selling shares to the public through the capital markets, the Bank of North Sulawesi are also actively preparing for a foreign exchange bank, ready to launch a credit card, electronic banking, and various other products. "Anyway, ready to become partners of government and society. BS will attempt to become a regional champion as that targeted by the BI and the government, "said CEO Wurangian. (FR)