BNI Successfully Prints Profit Of IDR 10.3 Trillion Throughout Semester I

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Negara Indonesia Tbk. (BNI) managed to book a profit of IDR 10.3 trillion during the first semester of 2023. The score grew 17 percent compared to the same period the previous year (year on year/yoy) of IDR 8.8 trillion.

BNI President Director Royke Tumilaar said the programs and solutions offered by the company had an impact on the ability to score positive performance in the first half of this year.

"This is followed by a consistent business strategy for the potential segment, as well as digital optimization," he said after a performance presentation on Tuesday, July 25.

According to Royke, the optimal performance of the intermediation function, asset quality continues to improve, healthy Current Account Saving Account (CASA) growth, and strong capital structure are BNI's main foundation to continue to expand its business while strengthening its resilience to the risks it faces.

"We are grateful that the first semester can be surpassed well. Of course there is room to grow even better and we will accelerate it in the second half," he said.

Royke continued, the company is also focused on strengthening liquidity to support the acceleration of lending in the next semester. He said, BNI will optimize lending pipelines, as well as acquire healthy debtors.

We believe acceleration in the second half will be better. The company's transformation has started to provide output and a positive impact on better performance in terms of portfolios, liquidity, to profitability," he said.

Royke detailed that the company's credit portfolio in the first half of 2023 grew 4.9 percent to Rp650.8 trillion from the previous Rp620.4 trillion. Meanwhile, this year's intermediation was supported by the Blue Chip private corporate segment which grew 17 percent and the consumer segment which grew 12 percent.

"The company is disciplined in implementing a selective and measurable growth strategy by focusing on long-term profitability," he added.

Then, credit quality is also getting better with the Non-Performing Loan (NPL) ratio dropping 71 basis points (bps) to 2.5 percent. The ratio of non-performing loans (NPL Coverage ratio) is maintained at a safe level at 3.1 times in June 2023.

Credit expansion was also supported by third party funds (DPK) which grew 10.6 percent to Rp765 trillion, thus making liquidity stronger with Loan To Deposits Ratio at 85.1 percent. In terms of capital, until June 2023, BNI CAR was at a strong level of 21.6 percent.

"BNI is committed to continuing to serve the community faithfully and contributing to national economic growth as shown by the launch of various superior channels and programs," concluded Royke.