JAKARTA - PT Bank Multiarta Sentosa Tbk (MASB) aka Bank Mas posted a net profit for the year worth IDR 150.45 billion in the third quarter of 2021.
In Bank Mas' financial report published on the Indonesia Stock Exchange (IDX) website, quoted on Wednesday, November 17, the profit of the bank owned by the conglomerate Harjo Sutanto rose 96 percent year-on-year (YoY) from the profit of the same period last year of IDR 76.69 billion.
Profit growth was supported by an increase in interest income by 10 percent YoY or IDR 937.71 billion.
Meanwhile, interest expense shrank to 11 percent YoY or IDR 479.83 billion in the third quarter of this year. So that net interest income rose 46 percent YoY to IDR 457.87 billion.
Bank Multiarta Sentosa noted that loans disbursed slightly increased, from IDR 7.48 trillion as of December 31, 2020, to IDR 7.51 trillion as of September 30, 2021. Likewise, third-party funds (DPK) grew by 6 percent YTD to IDR 20.51 trillion.
This growth came from low-cost funds in the form of demand deposits and savings (CASA) which grew by 1 percent YTD, from IDR 6.44 trillion to IDR 6.48 trillion. From there, Bank Multiarta Sentosa's total assets increased by 9 percent YTD. BMAS' total assets as of December 31, 2020, amounted to IDR 21.53 trillion, increasing to IDR 23.48 trillion as of September 30, 2021.
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In addition, Bank Multiarta Sentosa also recorded a reduction in the ratio of non-performing loans (NPL) at the level of 2.78 percent on a gross basis and 0.64 percent on a net basis on September 30, 2021.
For NIM and BOPO, Bank Mas recorded a ratio of 2.89 percent and 79.82 percent, respectively, on September 30, 2021. Meanwhile, the return on assets (ROA) ratio rose to 1.12 percent compared to the same position the previous year, which was 0.72 percent.
Meanwhile, the ROE ratio reached 9.10 percent, up from the same period last year, which was 6.04 percent.
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