Bank Woori Saudara Indonesia Company Information and Insights

Bank Woori Saudara Indonesia has a rich history, dating back to 1972 when it was established as a state-owned bank in Indonesia.

The bank was initially known as Bank Bumi Daya and was later renamed to Bank Woori Saudara Indonesia in 2013.

Bank Woori Saudara Indonesia is a subsidiary of Woori Financial Group, a leading financial services company in South Korea.

The bank offers a wide range of financial services, including corporate banking, retail banking, and investment banking.

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Bank Woori Saudara has a long history, dating back to 1906. This is the year the company was founded.

The company has a significant presence in Indonesia, with 1,374 employees working for them. This number gives an idea of the company's size and scope.

Bank Woori Saudara is led by a CEO, Kim Eungchul. You can find more information about the company on their website, www.bankwoorisaudara.com.

Additional reading: Woori Bank Swift Code

The company's board of directors includes a few key positions that are worth noting.

The Komisaris Utama, or the main commissioner, is Arief Budiman.

Arief Budiman plays a crucial role in the company's decision-making process.

The company also has two independent commissioners, Ahmad Fajarprana and Adi Haryadi, who bring in fresh perspectives and ensure the company operates fairly.

Here is a list of the company's commissioners:

The company has a strong leadership team in place, with several directors overseeing various aspects of the business.

The Chief Executive Officer (CEO) is Kim Eungchul, who serves as the company's top director.

The directors are responsible for making key decisions and driving the company's strategy forward.

Here are the directors and their roles:

PT Bank Woori Saudara Indonesia 1906 Tbk is headquartered in Jakarta, Dki Jakarta, and currently employs 1,263 full-time employees.

The company went public through an IPO on December 15, 2006.

PT Bank Woori Saudara Indonesia 1906 Tbk engages in collecting funds from the public in various forms, including demand deposits, time deposits, deposit certificates, and saving deposits.

Discover more: Bank Deposits down

The company's business activities are divided into six segments: Pensioner, Employee, Commercial, Treasury, Funding, and Others.

Here's a breakdown of the segments:

The company's interest expense for the period ending September 30, 2024, amounts to 2.4T IDR, representing a 76% growth over the last year.

Bank Woori Saudara's financial performance is impressive, with a net income of RM 1.4 billion in 2020, a 15% increase from the previous year.

The bank's revenue has been steadily increasing over the years, reaching RM 3.2 billion in 2020.

Bank Woori Saudara's asset quality has also been strong, with a non-performing loan ratio of 1.8% as of 2020.

The bank's focus on digital banking has contributed to its growth, with a 20% increase in online transactions in 2020.

The bank's return on equity (ROE) was 12.1% in 2020, a significant improvement from 8.5% in 2019.

Bank Woori Saudara's capital adequacy ratio (CAR) is well above the regulatory requirement, standing at 16.2% as of 2020.

The bank's liquidity position is also strong, with a loan-to-deposit ratio of 80% as of 2020.

Bank Woori Saudara's financial performance has been consistently strong, making it a stable and reliable banking option for customers.

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Bank Woori Saudara Indonesia 1906 Tbk PT has an interest expense of Rp2.4 trillion.

The company's interest expense is significantly higher than some of its competitors, such as Bank Sinarmas Tbk PT, which has an interest expense of Rp1.1 trillion.

Bank Raya Indonesia Tbk PT has the lowest interest expense among the competitors, at Rp453.7 billion.

Here's a comparison of the interest expense growth rates of the competitors:

As we dive into the world of financial analysis, it's essential to examine shareholder returns. SDRA's 7-day return was -3.2%, significantly better than the ID Banks industry's -8.5% and ID Market's -7.7%.

The 1-year return paints a different picture, with SDRA underperforming at -35.2%. This is compared to the ID Banks industry's -25.5% and ID Market's -9.7%.

Here's a snapshot of the returns:

SDRA underperformed the ID Banks industry over the past year, and also trailed behind the ID Market.

Interest Expense Comparison is a crucial aspect of financial analysis. It helps businesses understand the true cost of borrowing and make informed decisions.

A high interest expense can significantly impact a company's profitability, as seen in the example of XYZ Corporation, which reported an interest expense of $10 million in 2022. This expense accounted for 20% of their total operating expenses.

Comparing interest rates from different financial institutions is essential to minimize interest expense. As illustrated in the "Financial Institution Comparison" section, Bank A offered a 5% interest rate on loans, while Bank B offered a 6% interest rate.

A lower interest rate can lead to substantial savings over time. For instance, if XYZ Corporation had borrowed from Bank A instead of Bank B, they would have saved $200,000 in interest expense in 2022.

Analyzing interest expense by department or project can also provide valuable insights. As shown in the "Interest Expense by Department" section, the marketing department had the highest interest expense of $500,000 in 2022, mainly due to the company's large loan for a marketing campaign.

As we dive into the world of financial analysis, it's essential to understand the latest figures and growth rates of our competitors. Bank Woori Saudara Indonesia 1906 Tbk PT has an interest expense of Rp2.4T, with a 3-year CAGR of 34%.

The company's interest expense is significantly higher than its peers, which could be a concern for investors. Bank Sinarmas Tbk PT has a lower interest expense of Rp1.1T, with a 3-year CAGR of 4%.

Let's take a look at the CAGR growth rates of our competitors over the past 3, 5, and 10 years. Here's a snapshot of their growth rates:

The growth rates of our competitors vary significantly, with some experiencing high growth rates and others experiencing decline.

Bank Woori Saudara is a company with a rich history, founded all the way back in 1906.

The company has a significant presence in Indonesia, providing a wide range of commercial banking products and services to individuals and businesses alike.

PT Bank Woori Saudara Indonesia 1906 Tbk is the official name of the company, and it's a testament to its commitment to providing top-notch banking services.

As of now, the company has 1,374 employees working hard to make banking easier and more accessible for everyone.

Bank Woori Saudara's CEO is Kim Eungchul, who is leading the company's efforts to innovate and improve its services.

You can learn more about Bank Woori Saudara by visiting their official website at www.bankwoorisaudara.com.

Their website is a great resource for anyone looking to learn more about the company's products and services, as well as stay up-to-date on the latest news and announcements.