Moncer Credit Disbursement, Bank Jatim Earns IDR 1.54 Trillion Net Profit In 2022

Bank Jatam (Photo: Bank Jatim)

JAKARTA - PT Bank Pembangunan Daerah Jawa Timur Tbk or Bank Jatim (BJTM) recorded a net profit of IDR 1.54 trillion in 2022.

Director of Finance, Treasury & Global Services of Bank Jatim Edi Masrianto and Director of IT & Digital Zulhelfi Abidin in a press conference in Jakarta, Tuesday, said that the profit was supported by the company's credit distribution which reached Rp46.19 trillion during 2022.

He explained that the growth in lending was followed by improvements in loan quality, where the Loan At Risk (LAR) ratio was sloping at 4.81 percent in 2022, from the previous 6.57 percent in 2021.

In addition, the gross non-performing loan (NPL) ratio of Bank Jatim also decreased to 2.83 percent, compared to 4.48 percent in the previous year.

Thus, the decline in the NPL and LAR ratios, he continued, shows that the credit quality of Bank Jatim is getting healthier and is a sign of recovery from several economic sectors.

On this occasion, his party said that the company's assets grew 2.29 percent year on year (yoy) to Rp103.03 trillion during 2022.

The composition of Bank Jatim's financial ratio for the period December 2022 included Return On Asset (ROA) at 1.95 percent, Return on Equity (ROE) at 16.24 percent and Net Interest Margin (NIM) at 5.11 percent.

During 2022, Bank Jatim won a total of 44 awards from 36 awards organized by government institutions, regulators, and media agencies.

One of the prestigious awards that was won was from the Directorate General of Treasury of the East Java Regional Office as Rank I of the Best KUR Distribution Bank.