Focus On Developing Business, Amar Bank Proves Positive Performance Growth

JAKARTA - Driven by a strong commitment to developing business, PT Bank Amar Indonesia Tbk (Amar Bank), a digital bank that serves the retail and MSME segments, has achieved further and positive financial performance improvements.

As of June 30, 2023, Amar Bank reported a net profit of IDR 85.04 billion and succeeded in turning losses in 2022 into a profitable result. This commitment is expected to strengthen Amar Bank's positive performance, maintain sustainable profitability, and increase positive social impacts for the community.

Vishal Tulsian, President Director of Amar Bank, stated that in the second quarter, Amar Bank recorded an increase in Total Assets of 22.55 percent on a year-on-year basis, supported by the achievement of total loans of IDR 2.05 trillion.

"This achievement is the result of Tunaiku's contribution as a digital loan platform Amar Bank that distributes loans to individuals and MSMEs, as well as growth in commercial and corporate lending. Amar Bank is committed to supporting credit growth by developing collaboration between Amar Bank and digital platforms, which aims to expand access and encourage lending for those who still have limited access to financial services," Vishal said in a written statement, Monday, August 7.

David Wirawan as Senior Vice President of Finance Amar Bank added that Amar Bank consistently maintains the effectiveness of lending and prudent management of productive assets, as reflected in the Non-Performing Loan (NPL) ratio of 1.84 percent.

"In addition, the BOPO ratio also experienced a downward trend, reaching 85.82 percent compared to the previous figure of 121.20 percent in June 2022. Positive performance in the second quarter proves Amar Bank's commitment to continue to maintain profitability and enthusiasm in increasing business growth throughout 2023," he explained.

In the future, Amar Bank will continue to be committed to maintaining its positive performance by providing innovative digital financial services to improve people's lives for the better, especially individuals and MSMEs who still have limited access to financial services.