JAKARTA - PT Bank Capital Indonesia Tbk (BACA) said that it experienced a 932.96 percent increase in losses in the first six months of 2022.
In the publication of BACA's financial statements, quoted on Saturday, August 6, the management of Bank Capital said that the company's comprehensive loss increased from Rp. 13.39 billion to Rp. 111.6 billion. READ losses are created since the income post.
This is because the bank with the largest shareholder in the community (61.82 percent) was only able to earn interest income of IDR 291.93 billion. It fell sharply compared to the same period the previous year of Rp460.42 billion.
When income shrinks, BACA's interest expense is greater than its income. The company was recorded as paying interest expense of Rp525.02 billion.
As a result, in the first quarter of 2022, BACA posted a negative interest income loss of Rp233.09 billion. In the midst of the bank's business losses, BACA also experienced pressure from the operational income side.
The company posted a decrease in operating income from Rp491.1 billion to Rp474.73 billion. Meanwhile, operating expenses decreased from Rp241.49 billion to Rp219 billion.
This financial condition has caused BACA's equity to shrink away from the minimum limit of IDR 3 trillion by the end of 2022. BACA recorded the company's equity to IDR 2.01 trillion from the same period the previous year of IDR 2.12 trillion.
This achievement also reduced Bank Capital's assets from Rp22.32 trillion to Rp20.8 trillion.
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