Cooperative bank overhauls management<\/p>\n
JAKARTA (JP): Bank Bukopin, the country's only cooperative
\nbank, yesterday overhauled its management after its president
\nresigned.<\/p>\n
In a meeting here, the bank's shareholder promoted Indra
\nKesuma, the bank's former credit director, as its new president,
\nreplacing Muchtar Mandala, who was appointed as new president of
\nthe publicly-listed Bank Duta.<\/p>\n
The meeting also appointed Ustam Dinata to take Indra's former
\nposition of credit director, while Nasrah Mawardi was assigned to
\nlead the bank's operations division.<\/p>\n
Timber tycoon Mohamad (Bob) Hasan, who is also chief
\ncommissioner of Bank Duta and Bank Umum Nasional, was reelected
\nas Bank Bukopin's chief commissioner.<\/p>\n
Bank Bukopin reported a net profit of Rp 5.01 billion (US$2.25
\nmillion) last year, up by 132 percent from Rp 2.15 billion in
\n1993. During the first six months of this year, the bank recorded
\na before-tax profit of Rp 11.35 billion.<\/p>\n
The bank's total assets increased by 50.8 percent to Rp 1.7
\ntrillion as of last December from Rp 1.15 trillion as of the end
\nof 1993. As of June 28, the bank's total assets reached Rp 1.9
\ntrillion.<\/p>\n
Bukopin, which emphasizes on credits for small and medium
\nenterprises as well as cooperatives, is 31.86 percent owned by
\nthe Bulog Foundation, 28.13 percent by Gerakan Koperasi, 24.66
\npercent by the government and the rest by a number of
\nindividuals. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/cooperative-bank-overhauls-management-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
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