Facing the Challenges and Looking at Opportunities, Bank BTPN Holds Economic Outlook 2024
Jakarta, 22 November 2023 – The Indonesian economy is currently facing various global and domestic challenges, and the 2024 general election could affect the economy and life of Indonesian society.
The Central Bureau of Statistics (BPS) said that the Indonesian economy in the third quarter of 2023 grew 4.94% on an annual basis (year-on-year/yoy), below the national target. According to the Minister of Finance Sri Mulyani Indrawati, the fact that economic growth reaches below 5% yoy in the third quarter of 2023 was triggered by sluggish household consumption.
As a response to the current economic situation, Bank BTPN held Economic Outlook 2024 as well as the launch of “ESG Deposit” as Bank BTPN's newest product innovation, at the Grand Ballroom of Hotel Indonesia Kempinski, Jakarta (22/11).
“Bank BTPN Economic Outlook 2024 is a manifestation of our commitment to provide the latest information and in-depth insight to Bank BTPN customers as well as a platform for customers and stakeholders to understand more deeply about strategies for welcoming 2024 and sustainability strategies as well as participating in conversations about financial sustainability," said President Director Bank BTPN Henoch Munandar in his opening speech at Bank BTPN Economic Outlook 2024 in Jakarta (22/11).
At this year's Economic Outlook event, Bank BTPN brought the main headline “Navigating through 2024: Strategies for Resilience and Growth” which reflects Bank BTPN's strategic vision to walk with customers through the challenges in the upcoming years with resilience and facilitate sustainable economic growth. The presence of ESG Deposit as Bank BTPN's newest product innovation, realizing this vision by offering financial instruments which not only provide optimal returns but also address the pressing problems of our time.
"In facing global challenges and uncertainty, Bank BTPN realizes the importance of building resilience and sustainable growth. ESG Deposit is proof of Bank BTPN's commitment to providing financial solutions for corporate customers and contributing to a more sustainable and responsible future," explained Henoch.
On this occasion, Secretary for the Ministry of State-Owned Enterprises (BUMN) Rabin Indrajad Hattari and Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance of the Republic of Indonesia, Febrio Kacaribu, present as a government representative to give keynote speeches.
Co-Founder of Creco Research Institute Chatib Basri was also present to discuss about macroeconomic prospects in the election year amidst global economic uncertainty.
Bank BTPN also invited Yustinus Prastowo as Special Staff to the Minister of Finance for Strategic Communications to explain the fiscal strategy to boost Indonesia's economic growth in 2024.
At the closing session of the 2024 Bank BTPN Economic Outlook series, Muhammad Qodari, Political Expert and Executive Director of Indo Barometer talked about the election period in Indonesia which will start from 28 November 2023 to 10 February 2024.
Furthermore, Henoch said that Bank BTPN as a financial services actor will continue to accompany customers in seizing opportunities by preparing financial products that provide financial solutions for customers, in line with Bank BTPN's vision and government policies such as liquidity management for corporate customers, investment in mutual funds and government bonds, and the Daya Program for customer empowerment.
"Bank BTPN will always optimize assets amidst the current dynamic conditions by applying the precautionary principle to support the company's growth, so that it can continue to support the strengthening of the post-pandemic economy and provide more benefits for the Indonesian," concluded Henoch.