Having Own Switching, State-Owned Banks Save Rp7 Trillion

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JAKARTA, thepresidentpost.com – The Ministry of State-Owned Enterprises (SOEs) projects the efficiency gained by the Association of State-Owned Banks (Himbara) with the operation of PT Jalin Pembayaran Nusantara (JPN) to reach Rp6-7 trillion. The switching company owned by the four state-owned banks is now officially licensed by Bank Indonesia.

“With the current Link ATM Himbara alone, the efficiency has reached between Rp6 trillion and Rp7 trillion and this year there is no purchase of new ATMs, so the efficiency will be higher,” said Deputy of Financial, Survey and Consulting Services of the SOEs Ministry Gatot Trihargo in the Plaza Mandiri, on Tuesday (6/20).

Meanwhile, President Director of PT Bank Mandiri (Persero) Tbk Kartika Wirjoatmodjo said the four state-owned banks would save capital expenditure (capex) between Rp465.5 billion and Rp558.6 billion. The capital expenditure is originally used to buy five to six thousands automatic teller machines (ATMs) in a year.

Based on the calculation by Bank Mandiri, the state-owned bank in one year require two to three thousands additional ATMs. The price per machine is US$7 thousand or about Rp93.1 million (with exchange rate Rp13.300 per US dollar). Thus, in one year, Bank Mandiri alone requires Rp186.2 billion to Rp279.3 billion to buy new ATMs.

“So the four banks will need 5 to 6 thousands of machines or Rp465, 5 billion to Rp558, 6 billion of the capex,” said the man who is familiarly called Tiko.

In addition to saving capex, Tiko continued, the switching facility will also make the banks save the operational expenditure (opec) in managing the ATMs.

At least Rp15 million will be needed to manage one ATM per month, while currently there are about 17 thousand ATMs owned by Bank Mandiri. Thus, the opec for the ATMs reaches Rp255 billion per year.

The number of ATMs owned by the four state-owned banks is 60,120, requiring around Rp903.15 billion per month to manage them.

In addition to ATMs, the state-owned banks according to him can also save the management cost of the EDC machines used by the merchants. He said Rp125,000 to Rp150,000 is needed to manage one EDC machine. The number of EDC Link Himbara is now about 19,000.

Tiko estimates the efficiency will be bigger because JPN will also manage the cash and the ATMs. “PT Jalin also has EDC that can be used by the four state-owned banks, which is very efficient by renting rather than buying,” explained Tiko.

He added that the benefits will also be enjoyed by the customers. For example the cost of interbank money transfer will be only Rp4,000 per transaction from currently Rp6.500.

“We will try to lower further,” Tiko said.

In line with Tiko, President Director of PT Bank Tabungan Negara (Persero) or BTN, Maryono, who also serves as Chairman of Himbara, said that the efficiency with JPN switching will give a greater impact to the four state-owned companies.

“With the Link ATMs, the number of ATMs can be used by BTN customers is 60,000 instead of 1,300 BTN own ATMs. Next we will cooperate with the Regional Development Banks (BPDs),” Maryono added. (CNN/TPP)