Bank DKI Ranking Increases To IdAA

JAKARTA - The national rating agency, PEFINDO, has ranked Bank DKI from the previous idAA- (Double A Minus)' since 2018 to idAA (Double A) with a stable outlook, for the period 5 June 2023 to 1 June 2024.

PEFINDO in its announcement, Friday, June 9, stated that the idAA rating given to Bank DKI reflects strong support from the DKI Jakarta Provincial Government as the controlling shareholder, a very strong business position and capital structure.

The increase in rankings to idAA is based on the Company's achievements as in the Audited Financial Report as of December 31, 2022 and as of December 31, 2021. Bank DKI is declared to have a very strong ability to fulfill its long-term financial commitment compared to other Indonesian obligors. President Director of Bank DKI, Fidri Arnaldy, said that the increase in this rating reflects the company's position which is getting stronger in the banking industry and confirms the position of Bank DKI as a healthy Bank with a health level of 2 (health) based on the results of an assessment from the Financial Services Authority (OJK).

Various positive performance achievements also received recognition from various parties, both domestic and international, which was reflected in the 43 award categories received by Bank DKI during the period January 1 to May 31, 2023. In line with this, Bank DKI's Director of Finance & Strategy, Romy Wijayanto added that the achievement of this idAA rating is a form of recognition from trusted rating institutions in line with the positive performance growth of Bank DKI and in line with the overall strategy that focuses on stable segments as well as potential and transformation towards digitalization consistently.

Romy explained that the 5.0 Transformation Program implemented by the Company since 2021 with various real work programs can improve overall financial performance.

Romy also detailed that Bank DKI managed to record the highest net profit in its history in 2022 with a growth of 29.11 percent to IDR 939.11 billion. Bank DKI's total assets also grew to IDR 78.88 trillion, supported by credit growth of 23.53 percent and Third Party Fund growth (DPK) of 12.82 percent in December 2022, which on average was above the growth of the national banking industry.

Meanwhile, in the position of March 31, 2023, Assets were reached IDR 79.93 trillion with credit growth of 24.68 percent, DPK grew 16.27 percent, and Net Profit of IDR 233.20 billion rose 17.77 percent.

Bank DKI Corporate Secretary, Arie Rinaldi added that the increase in Bank DKI to idAA, will further strengthen Bank DKI's position in facing challenges and opportunities in competitive markets.

"Bank DKI is committed to continuing to improve performance and provide added value to all stakeholders by implementing strategies that are oriented towards growth and innovation, as well as digital-based business processes," said Arie.