JAKARTA - PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) continues to improve its performance positively. The company's net profit in 2018 was recorded at Rp 537.97 billion, an increase of 22.62% compared to the previous year's achievement of Rp 438.72 billion.
BWS's total assets also increased by 9.40% to Rp 29.63 trillion from the previous year of Rp 27.09 trillion. The company's equity also rose to Rp 6.55 trillion from Rp 6.11 trillion.
The amount of loans disbursed also increased from Rp 18.65 trillion to Rp. 22.29 trillion. However, third party funds showed a decrease from Rp 16.93 trillion in 2017 to Rp. 15.39 trillion in 2018.
Last year, BWS opened two branch offices in Makassar and Medan to reach companies in that location. In addition, at the end of 2018 the company also relocated its head office from Bandung to Jakarta. (LM)