Bank DKI's Net Profit In Q4 2023 Is IDR 1 Trillion, The Highest Since Established

DOK ANTARA

Regional development banks (BPD) of Bank DKI recorded a net profit in the Q4 2023 period of IDR 1.02 trillion. The highest profit bookkeeping value since Bank DKI was founded in 1961.

Bank DKI's Director of Finance and Strategy, Romy Wijayanto, said that the net profit grew 8.63 percent compared to the Q4 2022 period of IDR 939.11 billion.

"This performance achievement is one of the milestones of Bank DKI which was realized thanks to the support and trust of all stakeholders," Romy said in his statement, Monday, February 19.

Romy explained that this increase in net profit was driven by an increase in interest income which grew 17.82 percent to Rp5.34 trillion in Q4 2023 from the previous Rp4.53 trillion in Q4 2022.

Then, fee-based income increased by 8.47 percent from the previous Rp576 billion in Q4 2022 to Rp624.77 billion in Q4 2023.

Throughout 2023, Bank DKI has disbursed loans including sharia financing of IDR 52.00 trillion in Q4 2023 from IDR 48.37 trillion in Q4 2022 or grew by 7.50 percent.

"Credit and financing growth was driven mainly by the retail credit segment which grew by 49.01 percent to Rp1.93 trillion in Q4 2023, from Rp1.29 trillion in Q4 2022," Romy explained.

Meanwhile, the growth of the micro credit segment increased by 42.67 percent to IDR 3.66 trillion in Q4 2023, from IDR 2.56 trillion in Q4 2022,"

The acceleration of retail and micro credit growth encourages an accumulated increase in the portion of MSME loans compared to Bank DKI's total credit of 10.74 percent at the end of 2023 compared to the same period the previous year of 7.98 percent.

"The increase in the portion of MSMEs is in line with Bank DKI's vision and mission as well as the expectations of shareholders of the DKI Jakarta Provincial Government to be able to continue to increase the empowerment of MSMEs," he explained.

In addition, consumer credit also recorded positive growth of 11.58 percent to IDR 22.10 trillion in Q4 2023, from IDR 19.81 trillion in Q4 2022.

Furthermore, growth was also followed by the commercial credit segment (including term loan) in Q4 2023, growing 6.37 percent to Rp17.56 trillion, from the position of Rp16.51 trillion in Q4 2022.

Medium credit grew 1.34 percent to IDR 1.92 trillion in Q4 2023, from IDR 1.89 trillion in Q4 2022. Meanwhile, syndicated lending reached IDR 4.84 trillion in Q4 2023.