KB Kookmin Bank Indonesia Branch 2024 Net Interest Income Increases by 49%.. Approval for New Branch Manager Replacement

 【Jakarta (Indonesia)=Chitra Claudia Salsabila Correspondent】The KB Kookmin Bank Indonesia branch held its 2024 fiscal year regular general meeting of shareholders in Jakarta on this day, announcing major management achievements along with the appointment of a new branch manager. At this general meeting, △approval of the annual report and consolidated financial statements until the end of 2024 △approval of changes in company management structure △appointment of auditor for the 2025 fiscal year △decision on executive remuneration △report on the use of capital increase funds △approval of the 2024-2025 recovery plan and amendments to the articles of association were resolved.
According to the KB Kookmin Bank Indonesia report on the 28th, KB Kookmin Bank announced that it achieved significant results last year in the process of strategic transformation into a global financial institution.
According to the report, KB Kookmin Bank Indonesia's normal loans increased by 19.24% compared to the previous year during 2024, with significant growth in corporate finance (28.89%) and retail finance (17.43%), leading the growth. Net interest income (NII) also increased by 49.20%, recording 909 billion rupiah (77.1 billion won), improving overall profitability.
Meanwhile, as of the first quarter of 2025, normal loans grew by 14.87% compared to the same period last year, and all sectors, including retail (22.68%), corporate finance (12.14%), and small and medium enterprises (3.29%), showed stable growth. As a result, net interest income (NII) in the first quarter of 2025 increased by 11.19%, and net profit for the period was recorded at 342 billion rupiah (29 billion won).
In this general meeting, the branch manager was also replaced. Kunardi Dharma Riga, who has a multinational financial career, was appointed as the new branch manager, succeeding former branch manager Lee Woo-yeol. He is a financial expert with experience as a director of corporate finance at DBS Indonesia, and has worked at Citibank and Deutsche Bank, holding an MBA from the University of Rochester and a CFA qualification.
Jerry Marmen, chairman of the board of directors of KB Kookmin Bank Indonesia branch, expressed gratitude to the retiring executives at the meeting, stating that they will accelerate the sustainable growth strategy with the new management team. Short-term strategies will focus on enhancing operational efficiency, improving asset soundness, and optimizing customer-centric services to strengthen the business. chitra@fnnews.com Chitra Claudia Salsabila Correspondent