BNI Records Credit Distribution As Of September 2023 Of IDR 671.4 Trillion

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk recorded credit growth as of September 2023 of 7.8 percent yoy to Rp671.4 trillion.

This growth is driven by expansion in the low-risk segment, namely corporations with blue chips, both private and state-owned enterprises, consumer loans, and subsidiaries.

"As a result of credit acceleration in the low risk segment, asset quality continues to improve as seen from the decline in the Non Performing Loan (NPL) ratio and the Loan at Risk (LAR) ratio," said BNI President Director Royke Tumilaar, Tuesday, October 31.

Then the NPL ratio as of September was at the level of 2.3 percent improved compared to the same period last year of 3 percent, and LAR at the level of 14.4 percent improved compared to 19.3 percent in September 2022.

Royke continued, the quality of assets that continued to improve made the company reduce the formation of the burden of Value Lowering Reserves (CKPN).

This makes credit cost improve from 2 percent in September 2022 to 1.4 percent in September this year.

Royke revealed, amid rising global economic risks, BNI took prudent steps by building strong liquidity. As of September 2023, Third Party Funds (DPK) recorded a growth of 9.1 percent yoy, reaching IDR 747.6 trillion.