First Quarter 2022 Loans Grow Double Digits To IDR 38.3 Trillion, Bank DKI Continues Positive Performance

Photo: Doc. Bank DKI

JAKARTA - The improvement in the COVID-19 pandemic situation has boosted Bank DKI's performance growth. This was marked by the disbursement of Bank DKI's credit which grew by double digits by 13.70 percent from IDR 33.6 trillion in March 2021 to IDR 38.3 trillion in March 2022.

This was conveyed by the Director of Finance & Strategy of Bank DKI, Romy Wijayanto in a written statement in Jakarta, Friday, April 22. He said that credit growth was supported by lending to the MSE sector, which increased by 26.1 percent from IDR 1.40 trillion in the first quarter of 2021 to IDR 1.77 trillion in the first quarter of 2022.

"In the future, Bank DKI will continue to encourage the Empowerment of Micro, Small, and Medium EnteIDRrises in DKI Jakarta and the surrounding area through lending and financing to JakPreneur MSME traders, and Food BUMD traders such as Perumda Pasar Jaya, Food Station, Dharma Jaya. Starting in 2022, Bank DKI is also trusted to distribute the People's Business Credit program in the amount of IDR 1 trillion to MSME players," said Romy.

For the consumer segment, in the first quarter of 2022, it also experienced a year on year growth of 12.8 percent, from IDR 13.56 trillion in the first quarter of 2021 to IDR 15.3 trillion. Furthermore, for the commercial segment in the first quarter of 2022, it grew by 19.6 percent, from initially recorded at IDR 12.08 trillion in the first quarter of 2022 to 14.45 trillion.

As for the Sharia segment, it also grew by 6.5 percent, from initially recorded at IDR 5.94 trillion in the first quarter of 2021 to IDR 6.32 trillion in the first quarter of 2022.

"The growth in credit and financing is supported by the improvement of HR capabilities in the credit sector as well as the simplification of business processes through digitalization," said Romy.

Gradually, Bank DKI also continues to improve credit quality which is well maintained where in the first quarter of 2022, the gross NPL ratio is still maintained at 3.05 percent, improving compared to the previous period of IDR 3.19 percent.

In mitigating various risks that may be faced in the future, Bank DKI also consistently continues to increase reserves, which is marked by an increase in Bank DKI's coverage ratio to 160.54 percent in the first quarter of 2022.

Bank DKI's Third Party Funds (DPK) also grew by 34.32 percent to IDR 13 trillion.

Meanwhile, in the first quarter of 2022, Bank DKI was able to record a net profit of IDR 198.01 billion. The net profit was mainly driven by net interest income which increased by 13.5 percent, from the previous IDR 629 billion in the first quarter of 2021 to IDR 713 billion in the first quarter of 2022.

Then operating income before reserves (pre-provisioning operating profit/PPOP) grew by 44.7 percent from the original IDR273 billion in the first quarter of 2021 to IDR395 billion in the first quarter of 2022.

In the first quarter of 2022, Bank DKI's Fee Based Income also showed an encouraging growth of 19.6 percent, from the first quarter of 2021 at IDR 97 billion to IDR 116 billion. Romy also added, as part of a series of 5.0 transformation programs currently being rolled out by management, Bank DKI also continues to develop digital banking products and services owned through JakOne Community Apps to accommodate changes in customer behavior and the public who are increasingly moving towards digital services.

JakOne Community Apps is a digital banking service to encourage the implementation of financial inclusion and through the development of digital products and services. The JakOne Community Apps itself consists of JakOne Mobile, JakOne Abank, JakOne Erte, JakOne Artri, and Ancol Apps. The latest, Bank DKI presents Mobile Cash Cash Withdrawal services without a card and Cash Recycle Machine (CRM) at the New Flagship Branch at the DKI Jakarta City Hall service office.

For these efforts, Bank DKI received a number of awards including the World's Best Banks or the World's Best Bank in 2022 according to Forbes Magazine, ranking 15 of the 20 Best Banks in Indonesia.

"The various improvements and developments carried out have shown encouraging results, Bank DKI was able to record financial performance growth that was above the national banking industry average as well as various breakthroughs in digital banking service innovations," concluded Romy.