Bank Maspion Company Profile and Performance

Bank Maspion is a state-owned bank in Indonesia, established in 1961. It's headquartered in Surabaya, East Java, and is known for its extensive network of branches across the country.

The bank's initial focus was on serving the needs of small and medium enterprises, but over time it has expanded its services to cater to a wider range of customers. Today, Bank Maspion offers a variety of products and services, including personal banking, corporate banking, and Islamic banking.

Bank Maspion has a strong presence in the Indonesian banking industry, with a significant market share. Its performance has been impressive, with steady growth in assets and profits over the years.

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Maspion is a well-established brand in Indonesia, founded in 1969 by the late Haji Kian Sioe. It has been a household name for over 50 years.

The company started as a small trading business and has since grown into a diversified conglomerate with interests in various sectors, including banking, retail, and manufacturing.

Maspion is a public company established in 1989, and it's based in Surabaya, Indonesia. It's part of the Kasikornbank group of companies.

Maspion offers a wide range of financial services, including credit cards, retail banking, commercial banking, investment banking, private banking, financial analysis, and private equity.

The company has a significant presence in Indonesia, serving the entire country.

Maspion's headquarters is located in Surabaya, Indonesia, and it has been in operation for 35 years, since its founding on November 6, 1989.

The company is listed on the IDX under the ticker symbol BMAS.

Here's a brief overview of Maspion's financial performance in 2016:

Maspion's revenue in 2016 was Rp 523.188 billion, and its net income was Rp 68.158 billion.

Our Executive Committee is made up of experienced professionals who oversee the bank's operations. Kasemsri Charoensiddhi serves as the Chief Executive Officer, a role she has held since September 14, 2022.

Viktor Ebenheizer Fanggidae is the Compliance Officer and General Counsel, a position he took on December 4, 2022.

Iwan Djayawasita has been the Investor Relations Contact and Corporate Secretary since May 31, 2020.

Marsel Adianto Tjahjadi has been the Comptroller/Controller/Auditor since December 31, 1994, making him the longest-serving member of the committee.

Here is a list of the Executive Committee members and their roles:

Note that some members, like Marlyn Tanralili, Dwiana Kriswati, Tuti Hartini, Triana Sari Oetomo, Magdalena Gunardi, do not have specific start dates listed.

The Board of Directors at PT Bank Maspion Indonesia Tbk is made up of experienced individuals who have been appointed to various roles.

Chat Luangarpa serves as the Chairman of the Board, a position he has held since September 14, 2022.

Diana Alim is a member of the Compensation Committee and the Nominating Committee, appointments she made on June 19, 2017.

Alan Jenviphakul is both a Director/Board Member and an Independent Director/Board Member, positions he has held since September 14, 2022.

Pardi Kendy also serves as both a Director/Board Member and an Independent Director/Board Member, roles he has held since September 14, 2022.

Muhammad Pujiono Santoso has been a Director/Board Member and an Independent Director/Board Member since September 14, 2022, and has been in this position for over 10 years, with his appointment dating back to December 18, 2012.

Here is a list of the current Directors at PT Bank Maspion Indonesia Tbk, along with their roles and dates of appointment:

Bank Maspion's entry into Indonesia was unique, as it acquired a majority stake in the bank rather than applying for a new license to operate. This approach allowed the bank to leverage its existing knowledge and capabilities to expand more quickly.

KBank, the Thai bank that acquired Bank Maspion, aims to make it one of Indonesia's top 15 banks by 2027.

The acquisition took place in December 2022, with KBank increasing its ownership to 84.6 percent a year later.

Bank Maspion has reported its earnings results for the nine months ended September 30, 2024, on October 29.

PT Bank Maspion Indonesia Tbk has a history of releasing its financial information, with the latest earnings report available for the nine months ended September 30, 2024.

The bank's financial information can be tracked through its periodic earnings reports, such as the one released on October 29.

Here is a summary of the bank's earnings reports:

Bank Maspion has indeed taken a significant leap forward after its rights issue. The bank's modal inti has increased from Rp3 trillion to Rp6 trillion, categorizing it as a KBMI II bank.

This increase in modal inti is a direct result of the bank's rights issue, which was conducted in the fourth quarter of 2024. The bank issued 9.48 billion new shares, making it a substantial addition to its capital.

Bank Maspion's commitment to contributing to Indonesia's economic growth is evident in its efforts to increase its modal inti. By doing so, the bank aims to become a reliable financial and business partner.

As a result of the rights issue, KBank's ownership in Bank Maspion has increased to 84.55%. This significant stake gives KBank a substantial amount of control over the bank's operations.

Bank Maspion's financial performance has also improved significantly, with a net profit of Rp41.63 billion in the first quarter of 2024, a 95.73% year-on-year increase from the previous year's net profit of Rp21.27 billion.

The bank's loan disbursement has also seen a substantial increase, reaching Rp14.27 trillion in the first quarter of 2024, a 52.67% year-on-year increase. Its assets have also grown, reaching Rp21.06 trillion, a 33.41% year-on-year increase.

The bank's funding has also improved, with a 6.74% year-on-year increase in third-party funding to Rp11.91 trillion in the first quarter of 2024. Its current account saving account (CASA) has also seen a 14.24% year-on-year increase, reaching Rp2.39 trillion.

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Financial institutions are reporting their earnings results, giving us a glimpse into their financial health. PT Bank Maspion Indonesia Tbk reported its earnings results for the nine months ended September 30, 2024 on October 29.

PT Bank Maspion Indonesia Tbk also reported its earnings results for the half year ended June 30, 2024 on July 30.

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Bank Maspion has received funding from Kasikornbank, which participated in its latest funding round in August 2017.

The funding amount was $20M, and it was a Post IPO round. This means that the funding was received after the company went public.

The post-money valuation of Bank Maspion after this funding round was 8803285.

Bank Maspion has a single institutional investor, Kasikornbank.

Kasikornbank is the only institutional investor mentioned in the available information.

Bank Maspion's earnings reports are regularly released, with the latest reports available for the nine months ended September 30, 2024, and the half year ended June 30, 2024.

Here are some details about Bank Maspion's institutional investor:

Bank Maspion was founded in 1969 by Chairul Tanjung, and the company started as a small hardware store in Surabaya, Indonesia.

The company's early success was fueled by its focus on providing high-quality products and excellent customer service.

Bank Maspion's first bank branch was opened in 1990, marking a significant milestone in the company's expansion into the financial sector.

By 1993, the bank had already expanded to 10 branches across Indonesia.

Throughout its history, Bank Maspion has remained committed to its core values of innovation, integrity, and customer satisfaction.

The bank has continued to grow and evolve, with a strong focus on digital banking and financial inclusion.

Bank Maspion has become one of the leading banks in Indonesia, with a reputation for reliability and trustworthiness.