Bank Sampoerna Recorded A Net Profit Of IDR 26.3 Billion In The First Quarter Of 2024

Bank Sampoerna recorded a net profit of IDR 26.3 billion in the first quarter of 2024. (Photo: Doc. Bank Sampoerna)

JAKARTA - PT Bank Sahabat Sampoerna or Bank Sampoerna posted a net profit of IDR 26.3 billion in the first quarter of 2024, an increase of 43 percent compared to the net profit for the same period the previous year.

Director of Finance and Business Planning of Bank Sampoerna Henky Suryaputra conveyed that the intermediation function of Sampoerna Bank is running well with non-interest operating income which also continues to grow.

"Through services in branches and especially through digital services, including virtual account services, every day we facilitate nearly 100 thousand transactions," he said in his official statement, Monday, May 13.

Henky said that the volume of transactions that occurred in branches and digitally was also quite significant, in the first quarter of this year alone, the volume of transactions that we facilitate reached more than IDR 40 trillion.

In addition, until the end of March 2024, Bank Sampoerna recorded total lending rose 13.2 percent on an annual basis (yoy) to Rp11.6 trillion compared to credit disbursement at the end of March 2023 of Rp10.3 trillion.

Meanwhile, the Third Party Fund (DPK) of Bank Sampoerna until the end of March 2024 rose 15 percent to Rp12.9 trillion compared to at the end of March last year of Rp11.2 trillion.

This increase also surpassed the increase in the collection of DPK in the banking industry as a whole, which in the same period was recorded at 7.4 percent.

He added that the financial performance of Bank Sampoerna was of course achieved by taking into account the principles of prudence and continuing to be supported by a healthy financial structure.

By anticipating the possible difficulties faced by debtors in the next few quarters.

Therefore, in the first quarter of 2024, Bank Sampoerna increased the burden of obtaining a decrease in credit value by 35 percent to Rp75 billion.

Bank Sampoerna's credit quality is maintained by either a gross problem loan ratio or a non-performing loan (NPL) gross at the level of 3.8 percent, or relatively the same as the NPL gross at the end of March 2023 at 3.9 percent.

Bank Sampoerna's strong financial structure with good liquidity includes being reflected in the capital adequacy ratio (CAR) which reached 28.8 percent, far beyond the minimum ratio recommended by regulators.

The loan ratio for DPK (Loan to Deposit Ratio / LDR) is also at a healthy level of 90.6 percent.

Similarly, quite good profitability is shown with the ratio of equity (REturn on Equity/ROE) which rose at the level of 3.4 percent from 2.4 percent in the previous year, and the return on Asset (ROA) ratio which reached 0.8 percent, an increase from 0.7 percent.