Supported By MSMEs, Bank Sampoerna Distributes Rp11.3 Trillion Loans

JAKARTA PT Bank Sahabat Sampoerna (Bank Sampoerna) recorded total credit at the end of this period reaching IDR 11.3 trillion, an increase of 23.1 percent compared to total credit one year earlier. This growth is supported by MSMEs which hold a portion of 60 percent of loans or IDR 6.8 trillion.

Thus, the increase in Bank Sampoerna's credit for one year until the end of September 2023 exceeded the increase in bank industry credit as a whole, which in the same period was recorded at 8.7 percent.

The increase in Bank Sampoerna's credit disbursement is in line with the increase in third party funds (DPK) which recorded an increase of IDR 2.7 trillion or 28.4 percent to IDR 12.4 trillion.

Bank Sampoerna's Director of Finance and Business Planning, Henky Suryaputra, said that the percentage increase also exceeded the increase in the overall DPK of the banking industry which was at the level of 8.4 percent during the same period.

"Bank Sampoerna's credit expansion strategy is carried out by prioritizing risk management effectively and strict supervision to ensure optimal asset quality," said Henky.

Although serving MSMEs a lot, which historically has a relatively high level of non-performing loan (NPL) ratio, Henky said that Bank Sampoerna's gross NPL ratio as of the end of September 2023 was maintained at 3.60 percent with a net NPL of 1.9 percent. The bank also posted reserves for a decrease in credit value of IDR 361 billion, an increase of 7.2 percent compared to reserves in the previous year.

"Bank views that the reserves that reach 88.7 percent of total non-performing loans are adequate. Moreover, the amount of self-restructured loans has continued to decrease in line with the recovery of economic conditions after the COVID-19 pandemic," continued Henky.

Bank Sampoerna also posted a profit of IDR 37.3 billion, an increase of 32 percent compared to profit in the same period in 2022 of IDR 28.2 billion.

Interest income also increased 17 percent to Rp1.1 trillion. However, with the maintenance of liquidity to a better level with a loan to deposit or Loan to Deposit Ratio (LDR) ratio of 91.4 percent at the end of September 2023 compared to 95.4 percent one year earlier, and there was a significant increase in the benchmark interest rate, net interest income itself was under pressure.

"Almost during the first 3 quarters of 2023 BI 7 days of the repo rate was at the level of 5.75 percent, much higher than 3.5 percent in almost the same period in 2022," concluded Henky.