Jakarta, 5 December 2022 – Responding to the current economic situation, Bank BTPN held the Economic Outlook 2023 virtually in Jakarta, today.
In running its business, Bank BTPN is committed to serving a wider customer segment with a complete range of products and services based on customer's financial needs. "The Bank BTPN Economic Outlook 2023 is a form of our commitment in providing the latest information and in-depth insights to Bank BTPN customers in facing the opportunities and challenges that will arise in the coming year," said President Director of Bank BTPN Henoch Munandar when opening the Economic Outlook 2023 today in Jakarta which was also attended by Deputy Governor of Bank Indonesia Dody Budi Waluyo and Senior Economist and Co-Founder of Creco Research Institute Dr. M. Chatib Basri.
International institutions have warned that the world may be edging toward a global recession in 2023 due to central banks across the world simultaneously increase interest rates in response to inflation. In Indonesia, BPS reported that core inflation in October 2022 was recorded at 3.31% (yoy), higher than inflation in the previous month which was recorded at 3.21% (yoy).
During the same occasion, Head of Treasury Bank BTPN Wiwig Santoso explained that investors should be aware of several situations in the following year, such as geopolitical changes which have broad impacts, one of which is the obstruction of global supply chains, the impact of trade wars that have developed into a decoupled economic system, regulatory changes due to the current dynamic economic conditions and domestic political situation.
Therefore, from the banking side, Wiwig urged investors to continue to manage asset and liability exposures continuously and conservatively and pay attention to opportunities that arise in optimizing their assets amidst dynamic conditions.
However, Wiwig continued, Bank BTPN, as a financial service provider, will continue to assist customers in seizing opportunities by providing financial products as financial solutions for customers’ needs in line with the Bank's vision and also government policies for example liquidity management for corporate customers, mutual investment and government bonds for retail customers, and Daya or empowerment program for MSME customers. "From the bank as a corporate, we hope that next year's economic shocks can be absorbed through conservative reserves. Next year, we will continue to grow more carefully and always prioritize prudence," he concluded.