"On behalf of the Government, We express our thanks and appreciation for an accomplishments as high as that you give to the people and nation of Indonesia. We hope this achievement will be more exalted." Similarly, a fragment of a sentence in the letter of the Ministry of Cooperatives and Small and Medium Enterprises (Mennegkop & SMEs) of the Republic of Indonesia that was sent specifically to the President Director (CEO) of Bank of North Sulawesi, DR. Jeff Wurangian, recently. In the letter from the ministry letterhead with a registration number 130/M.KUKM/XII/2010 December 30, 2010 which was signed Menegkop & SMEs, DR Syarief Hasan, and forwarded to the President and the Coordinating Minister for Economic Affairs, with clearly presented, the sentence that thanks to the award given the success of Bank of North Sulawesi channel Kredit Usaha Rakyat (KUR), well above the target already set by the government. As is known, of the 26 Regional Development Banks (BPD) in Indonesia, only 13 are given the trust by the government through the Ministry of Cooperatives and SMEs to deliver KUR, among them the Bank of North Sulawesi. Thanks to the cold hands of the CEO who was familiarly called JW, Bank of North Sulawesi KUR capable of delivering 126.4% of the target set by the government. It belongs to a spectacular achievement for the Bank of North Sulawesi can align yourself with a few national bank which is known as a top bank in the country. This is a very proud achievement for North Sulawesi and Gorontalo, because the distribution of KUR new government declared itself in the middle of the first half of 2010.Upon this success, Kemennegkop & SMEs specifically invited DR. JW on entrepreneurial Movement launching ceremony held at the SME National Convention Center, SMESCO, earlier this month. In a ceremony attended by President Susilo Bambang Yudhoyono and follow by number of ministers and top businessmen, the president director of Bank of North Sulawesi occupies in the ranks of the VIP invitation. As a bank that got full confidence in local government and district / city in North Sulawesi and Gorontalo, North Sulawesi Bank immediately "step on the gas" to distribute these KUR. The idea of JW, the Bank of North Sulawesi and then launched a micro KUR only through the recommendation of religious figures. KUR model that has never been applied in Indonesia is then gave birth to many new entrepreneurs or business development already exists. Breakthroughs and innovations to support government and community programs are then realized by enlarging the portion of earning credits so far been minimal. "Last year we had productive loans 22.47 percent," said JW. In fact, in previous years earning credit highest Sulut Bank can only reach 15%. Besides this, the expansion of the Bank of North Sulawesi to Java by adding a network of offices in Jakarta into four pieces and opened new offices in Surabaya and Malang have been able to absorb fresh funds nearly $ 1 trillion into these areas with an average absorption amounting to Rp 150billion. Funds dihimpin outside this area has even exceeded some areas the division budget. And when compared with branch offices in North Sulawesi and Gorontalo which has sustained budget funds and other funds such as the DAU and DAK government; still very far behind. Therefore, the Bank continues to finalize plans Sulut initial public offering (IPO) which will be matured in the Annual General Meeting Shareholders (GMS) future. If these plans materialize, the issue of capital which has been one of the obstacles the Bank of North Sulawesi, will be resolved soon because the prism of the early success of the sale of bonds last year, the IPO of Bank of North Sulawesi had anticipated a number of investors. In the ranks of BPD, in addition to the Bank of North Sulawesi, other banks are also preparing an IPO is the Bank of East Java.