OCBC NISP Net Profit Increases 20 Percent To IDR 3.05 Trillion In The Third Quarter Of 2023

JAKARTA - Bank OCBC NISP recorded a net profit increase of 20 percent to IDR 3.05 trillion in the third quarter of 2023. This achievement increased compared to the same period the previous year at IDR 2.55 trillion.

The net profit growth was driven by growth in net interest income by 17 percent (YoY) and a decrease in reserves for losses of 19 percent (YoY).

In addition, the ratio of capital adequacy or CAR of banks is always strong at 23.2 percent, far above the minimum requirement.

President Director of Bank OCBC NISP Parwati Surjaudaja stated, Bank OCBC NISP closed the third quarter of 2023 with strong and solid performance.

"Bank recorded consolidated assets of IDR 247.0 trillion, up 12 percent from the previous year in the same period," he said in a written statement, Saturday, November 4.

In addition, in the third quarter of 2023, Bank OCBC NISP's Third Party Fund (DPK) also posted an increase of 14 percent to IDR 184.3 trillion. This increase in DPK shows the increasing level of customer confidence in banks.

As of September 2023, Bank OCBC NISP recorded credit growth of 10% percent to IDR 144.7 trillion compared to the same period last year. In addition, asset quality also continues to increase, which is reflected in the decline in Gross Non-Performing Loan (NPL) to 1.9% at the end of the third quarter of 2023.

Bank OCBC NISP has also disbursed sustainable financing of IDR 30 trillion, or contributed up to 20.5 percent of total Bank loans as of September 30, 2023.

Of this amount, Rp3.2 trillion was distributed to the #TAYTB Women Warriors program as part of women's financing, or an increase of 6.2 percent YoY. In addition, total green financing was recorded at Rp12 trillion, of which it was channeled for energy and renewable energy financing, environmentally friendly buildings, and others.

To further encourage financial literacy and inclusion for individuals and SMEs, the Bank launched a Business Hall, a business solution to help Indonesian entrepreneur #BaniNaikLevel. Meanwhile, for individual customers, the Bank recently introduced the Life Goals feature and Gold Savings on ONe Mobile. Bank OCBC NISP is the first digital gold savings bank in Indonesia.

"Even though Bank OCBC NISP closed the third quarter of 2023 with positive performance, we will continue to be vigilant. We also always try to maintain consumer confidence in order to increase their interest in shopping and investing, so that the economy continues to move forward," added Parwati.