Growing 61 Percent. IIF Books Net Profit Of IDR 96.8 Billion In The Third Quarter Of 2024

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Indonesia Infrastructure Finance (IIF) recorded net profit growth in the third quarter of 2024 of 61 percent to IDR 96.8 billion compared to the same period in the previous year of IDR 60.3 billion. The profit growth was supported by non-interest revenue which grew 146 percent to IDR 147.1 billion in the third quarter of 2024.

Most of the non-interest income comes from treasury, investment, and advisory services activities. IIF's investment assets in the third quarter of 2024 were recorded at IDR 11.9 trillion out of a total of 54 financing projects, accompanied by total assets of IDR 13.7 trillion.

To date, the company has also recorded 5 new commitments worth IDR 1.9 trillion. At the end of July 2024, IIF also collaborated with the Millennium Challenge Account Indonesia II (MCA-Indonesia II) through the signing of the Blended Finance Delivery Mechanism (BFDM).

This collaboration between IIF and MCA-Indonesia II aims to be able to make a bigger contribution to sustainable infrastructure development in Indonesia.

IIF's Chief Financial Officer, Rizki Pribadi Hasan said, the company continues to be committed to implementing its business strategy, focusing on developing sustainable infrastructure projects that have a positive impact on the national economy.

"In order to support future growth, the company also strengthens funding, including through the issuance of IDR 1 trillion bonds with varying periods of time, including the long term of 10 years," he explained in a written statement, Thursday, October 31.