Bank Woori Saudara Targets CASA Strengthening and Cost of Funds Efficiency

PT Bank Woori Saudara Indonesia 1906 Tbk (BWS) has affirmed its 2026 business strategy focus on strengthening the company’s fundamentals to face dynamic banking industry challenges. Through a new management lineup, the company is committed to maintaining a balance between business growth, asset quality, liquidity, and capital. BWS management stated that the business transformation will be executed in a more targeted and prudent manner. The main strategy is directed at strengthening the core business through selective and quality credit distribution, while prioritising prudential principles in segments with solid prospects. As of March 2026, BWS recorded credit distribution of IDR 40.87 trillion. Of that amount, around 42.28% represents credit allocated to the corporate segment. The company continues to strive to maintain asset quality through enhanced monitoring and strengthened credit analysis processes. In addition to focusing on credit, BWS is prioritising the strengthening of its funding structure through an increase in low-cost funds, or Current Account Saving Account (CASA). As of March 2026, BWS’s current account acquisitions reached IDR 3.61 trillion and savings amounted to IDR 4.16 trillion. This step was taken to support cost of funds efficiency amid tight competition for third-party fund accumulation. Analyst Sarkia Adelia assessed that BWS’s step of prioritising asset quality and liquidity is appropriate amid unstable economic conditions. “Banks that are able to maintain asset quality, strengthen CASA, and exercise discipline in liquidity management will be in a better position to grow sustainably,” Sarkia said. BWS is also accelerating the development of digital banking services to expand customer access and increase fee-based income. This digitalisation is expected to be a catalyst in building a more active transaction ecosystem to strengthen low-cost fund acquisition. BWS’s competitive advantage is also supported by Woori Bank Korea as the controlling shareholder. This support encompasses aspects of capital, liquidity, and knowledge transfer. Last year, Woori Bank Korea provided a liquidity injection of US$500 million, complementing the additional Rupiah capital of IDR 3.1 trillion obtained through the PMHMETD IV in 2023.