JAKARTA - Bank DKI has again recorded positive performance growth throughout the third quarter of 2023. As of September 2023, Bank DKI's lending grew by 6.90 percent to Rp49.96 trillion, from the previous Rp46.73 trillion in September 2022.
Bank DKI Finance & Strategy Director, Romy Wijayanto, through an official statement on Tuesday, October 24, said that credit and financing growth is in line with a consistent business strategy in the potential segment, with a main focus on increasing the portfolio in the MSME segment which is in line with the Company's vision and mission.
The main credit growth was driven from the retail segment which grew by 68.66 percent to Rp1.66 trillion in September 2023, from the position of Rp986.30 billion in September 2022. Micro credit also showed good performance with growth of 42.86 percent to Rp3.27 trillion in September 2023, from the position of Rp2.29 trillion in September 2022.
The growth of the micro and retail segments has pushed the increase in the MSME loan ratio of Bank DKI as of September 2023 to 9.87 percent from previously recorded at 7.00 percent in September 2022. In addition, consumer loans recorded positive growth or 13.64week to IDR 21.58 trillion in September 2023, from IDR 18.99 trillion in September 2022.
On the other hand, the larger-scale lending strategy was carried out selectively by Bank DKI, such as syndicated loans which grew 10.91 percent to Rp6.53 trillion in September 2023, from the position of Rp5.89 trillion in September 2022. Meanwhile, the distribution of the commercial credit segment (including term loan) in September 2023 reached Rp15.54 trillion, while intermediate loans reached Rp1.37 trillion in September 2023.
Specifically, financing for the sharia segment also grew 6.22 percent to IDR 7.70 trillion in September 2023, from the previous IDR 7.24 trillion in September 2022.
In the credit expansion strategy, the Company continues to prioritize effective risk management and strict supervision to ensure optimal asset quality. Gross's Non Performing Loan (NPL) ratio is maintained at a low level of 1.83 percent with a NPL Net of 0.64 percent q in September 2023, which indicates the quality of Bank DKI's healthy credit.
Bank DKI also formed adequate reserves with the Coverage Ratio at a conservative level reaching 219.96 percent in September 2023.
"Efforts to control credit quality are also carried out through collection, restructuring, as well as efforts to save credit, in accordance with applicable regulations," said Romy.
In an effort to maintain healthy liquidity growth, Bank DKI managed to raise Third Party Fund growth to IDR 63.66 trillion in September 2023, or grew by 4.45 percent from the previous IDR 60.94 trillion in September 2022. In line with the growth of the DPK, Loan to Deposit Ratio (LDR) was also maintained at the level of 78.49 percent in September 2023.
These various business growths boosted total asset growth by 3.99 percent from the original IDR 75.24 trillion as of September 2022, to IDR 78.24 trillion as of September 2023.
In addition, until September 2023, Bank DKI was able to record a net profit of IDR 693.27 billion. The net profit achieved was supported by an increase in Bank DKI interest income for the September 2023 period of 20.02 percent to IDR 3.97 trillion, from IDR 3.31 trillion in the same period the previous year.
However, as the Fed and BI 7-Day Repo Rate increased interest rates, which were recorded at IDR 1.88 trillion in September 2023, from the previous IDR 1.11 trillion in September 2022.
The performance of other important financial performance ratios also shows consistent and well-maintained improvements, with ROE at 9.44 percent, lower ROA at 1.51 percent and operating expenses for Operational Revenue (BOPO) stable at 79.53 percent.
"Bank DKI also continues to maintain the Bank Health Level (TKB) at the Healthy Composite Ranking. As the results of the evaluation and assessment from the Financial Services Authority (OJK), the position until June 2023 Bank DKI received the Composite 2 (Healthy) Ranking Category," Romy explained.
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