Soaring 13.2 Percent, Bank Sahabat Sampoerna Successfully Distributes Rp11.6 Trillion Loans

JAKARTA - PT Bank Sahabat Sampoerna (Bank Sampoerna) recorded credit disbursement until the end of March 2024 rose 13.2 percent to Rp11.6 trillion compared to credit disbursement at the end of March 2023 of Rp10.3 trillion.

The increase exceeded the overall bank credit distribution, which in the same period was recorded at 11.8 percent.

Most or about 67 percent of the total credit disbursement made by Bank Sampoerna worth IDR 7.8 trillion is the portion of loans disbursed to MSME actors.

Loans to MSMEs are channeled either directly by Bank Sampoerna or through cooperation with partners.

In terms of Third Party Funds (DPK) until the end of March 2024, it was recorded that it rose 15 percent to Rp12.9 trillion compared to at the end of March last year of Rp11.2 trillion.

This increase also surpassed the increase in the collection of DPK in the banking industry as a whole, which in the same period was recorded at 7.4 percent.

The CEO of Bank Sampoerna, Ali Rukmijah, revealed that the accumulation of DPK at Bank Sampoerna cannot be separated from public acceptance of Bank Sampoerna's digital services, including through Sampoerna Mobile Banking (SMB).

Compared to the same period last year, in the first quarter of 2024, the number of transactions facilitated by Sampoerna Mobile Banking increased by 18 percent to close to 100,000 transactions with a transaction volume which also increased 43 percent to close to Rp500 billion.

"The end of the first quarter of 2024 is the end of the period of the bank credit restructuring program in the context of National Economic Recovery (PEN) after several limited extensions," he said in a statement to the media, Monday, May 13.

Regarding this, continued two, Bank Sampoerna really appreciates the role of the government and regulators who have issued balanced policies to support economic growth while at the same time encouraging the implementation of prudent banking activities (prudents).

Ali conveyed that the anticipation that had been carried out since more than a year ago made the end of the restructuring program period had no significant impact on Bank Sampoerna's performance or financial fundamentals.

However, the challenges in 2024 will not subside. Although the presidential election has been going well, global political tensions have the potential to affect national economic growth.

"Indeed, so far, several national and international institutions have not revised the projected economic growth in 2024. Indonesia's economic growth in 2024 is expected to remain strong in the range of 5.0 percent. As for Bank Sampoerna itself, we will anticipate by continuing to monitor and ensure our readiness for various risks that may increase, including liquidity risks and credit risks," Ali explained.

Henky Suryaputra, Director of Finance and Business Planning at Bank Sampoerna said that the good intermediation function of Sampoerna Bank was also supported by non-interest operating income which also continued to grow so as to support Bank Sampoerna's profit growth.

Bank Sampoerna posted a net profit of IDR 26.3 billion in the first quarter of 2024, an increase of 43 percent compared to net profit for the same period the previous year.

Through services at the branch and especially through digital services, including virtual account services, every day we facilitate nearly 100 thousand transactions. The transaction volume that occurs is also quite significant, in the first quarter of this year alone, the volume of transactions that we facilitate reaches more than IDR 40 trillion," said Henky.

Bank Sampoerna's good financial performance was certainly achieved without ignoring caution and continues to be supported by a healthy financial structure.

"Anticipating the possibility of difficulties faced by debtors in the next few quarters, in the first quarter of 2024, Bank Sampoerna increased the burden of obtaining credit losses by 35 percent to Rp 75 billion," continued Henky.

The credit quality itself continues to be maintained both with a gross problem loan ratio to the total loan (NPL) at the level of 3.8 percent, or relatively the same as the NPL gross at the end of March 2023 at 3.9 percent.

Bank Sampoerna's strong financial structure with good liquidity, among others, is reflected in the capital adequacy Ratio (CAR) which reaches 28.8 percent, far beyond the minimum recommended ratio by regulators.

The loan ratio for the DPK or Loan to Deposit Ratio (LDR) is also at a healthy level of 90.6 percent.

Likewise, quite good profitability is shown with the ratio of equity or Return on Equity (ROE) which rose at the level of 3.4 percent from 2.4 percent in the previous year, and the return on Asset (ROA) ratio which reached 0.8 percent, an increase from 0.7 percent.