Today, November 17, 2023, we opened our 39th office network on Jalan Riau No. 17, Pekanbaru, as part of a series of openings of new branch offices in 2023.
The opening of this branch office in Pekanbaru is the third new branch of Bank MAS to be opened in 2023, after the opening of new branch offices in Yogyakarta and Cibubur. This is part of the Bank's hybrid business development, both through additional branch office networks and acquisitions through digital banking.
Bank MAS began operating in 1993, becoming part of the Wings Group as a controlling shareholder in December 2013, which has added capital to become a BUKU 2 Bank and obtained permission to operate as a Foreign Exchange Bank in June 2016. In June 2021, Bank MAS officially registered themselves on the stock exchange floor and traded their shares on the Indonesian Stock Exchange. The Bank MAS branch network is spread across 19 cities, namely Jakarta, Tangerang, Depok, Bekasi, Bandung, Semarang, Kudus, Solo, Yogyakarta, Surabaya, Malang, Lampung, Palembang, Medan, Makassar, Banjarmasin, Pontianak, Kupang and now in Pekanbaru.
Strong capital supports Bank MAS' growth from year to year. After going public in 2021, in 2022, there was an exchange of 160,834,263 warrants worth IDR 562.92 billion, so Bank MAS has fulfilled the minimum core capital requirement of IDR 3 trillion by recording core capital of IDR 3.39 trillion at the end of 2022 And at the end of October 2023, Bank MAS's core capital was recorded at IDR 3.56 trillion.
Besides expanding the branch network, technology-based business development with Internet Banking and Mobile Banking products continues. With the development of digital banking, the number of customers increased by 63.69% from 51,285 customers in 2022 to 83,949 customers in October 2023, and the number of transactions via digital banking increased by 150.91% or from 3.28 million transactions in 2022 to 8.23 million digital banking transactions in October 2023.
By the end of October 2023, Bank MAS' assets had reached IDR 27.13 trillion, with savings funds collected reaching IDR 23.03 trillion. National economic growth, which continues to improve, can be utilized by Bank MAS through credit distribution growth, which reached 11.66% (yoy), namely IDR 9.77 trillion from IDR 8.75 trillion in the previous year. In October 2023, Bank MAS recorded a profit of IDR 211.25 billion.
The Pekanbaru area was chosen as the location for the 39th office because it is one of the cities on the island of Sumatra with high economic growth, which grew by 4.02% (yoy) in the third quarter of 2023. The city has natural wealth in mining, agriculture, and plantations. as supporting the economy becomes an appropriate market share for the Bank. Plus, with the existence of the Wings Group ecosystem, including agents, shops, stalls, and Wings suppliers in the Pekanbaru area, the existence of Bank MAS can contribute to the Pekanbaru community both in the commercial and MSME sectors.
Amid the economic climate in Indonesia, which continues to improve, Bank MAS is optimistic that it can develop even better in the coming years. The commitment of shareholders and the principle of prudence implemented by management and employees who work professionally support the creation of better relationships between Bank MAS and its customers. Thus, Bank MAS is confident that it will be able to face future challenges.