On this day, June 9, 2023, we opened our 37th office network on Jalan Margo Utomo No. 65-66, Yogyakarta, as the start of a series of plans to open new branch offices in 2023.
The opening of this new branch office is a work program of Bank MAS in 2023, which plans to open 4 more branch offices, namely in Pekanbaru, Denpasar, Karawang, and Cibubur. This is part of the Bank's hybrid business development through the addition of a network of branch offices and acquisitions through digital banking.
Bank MAS began operating in 1993 and became part of the Wings Group as a controlling shareholder in December 2013, which has added capital to become a BUKU 2 Bank and obtained a license to operate as a Foreign Exchange Bank in June 2016. In June 2021, Bank MAS officially registered on the stock exchange and traded its shares on the Indonesia Stock Exchange. Bank MAS's branch network is spread across Jakarta, Tangerang, Bekasi, Bandung, Semarang, Kudus, Solo, Surabaya, Malang, Lampung, Palembang, Medan, Makassar, Banjarmasin, Pontianak, Kupang and now in Yogyakarta.
Strong capital supports the growth of Bank MAS from year to year. After Going Public in 2021, in 2022, there will be 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 a core capital of IDR 3.39 trillion at the end of 2022.
In addition to expanding the branch network, technology-based business development with Internet Banking and Mobile Banking products is also being carried out. With the development of digital banking, the number of customers has increased by 93.28% from 26,534 customers in 2021 to 51,285 customers in 2022, and the number of transactions through digital banking has increased by 32.11% or as many as 3.28 million transactions in 2022, from 2.48 million digital banking transactions in 2021.
By the end of May 2023, Bank MAS' assets had reached IDR 22.04 trillion, with deposits collected reaching IDR 18.06 trillion. National economic growth, which continues to improve, can be prove, can be utilized by Bank MAS through growth in lending, which reached 13.10% (yoy), namely IDR 9.15 trillion from IDR 8.09 trillion in the previous year. And in May 2023, Bank MAS recorded a profit of IDR 100.99 billion.
The Special Region of Yogyakarta was chosen as the location for the 37th office because it is one of the cities in Central Java with high economic growth, which will grow by 5.15% at the end of 2022. A city with an economic structure dominated by manufacturing business fields, as well as the provision of accommodation and food and drink, is an appropriate market share for Bank MAS, which develops its business in the Commercial sector while still paying attention to the SME sector.
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 the shareholders and the precautionary principle implemented by management, as well as employees who work professionally, support the creation of a better relationship between Bank MAS and its customers. Thus, Bank MAS believes that it will be able to face the challenges ahead.