Sampoerna Bank Books Profit Of IDR 52.3 Billion In The Third Quarter Of 2024

Illustration (Photo: Doc Antara)

PT Bank Sahabat Sampoerna reported that until the third quarter of 2024 it had recorded a net profit of IDR 52.3 billion, an increase of 40.2 percent compared to IDR 37.3 billion, profit during the same period in 2023.

The increase in net profit is also direct correlated with the increase in Return-On-Asset (ROA) and Return-On-Equity (ROE) which until the third quarter of 2024 was recorded at 0.51 percent and 2.21 percent.

Bank Sampoerna also recorded credit disbursement in the third quarter of 2024 up 9.2 percent to Rp12.4 trillion compared to the end of the same period last year of Rp11.3 trillion.

Director of Finance and Business Planning at Bank Sampoerna Henky Suryaputra said the MSME sector was the most important and driving part of credit growth in the last 1 year period.

"As of the end of September 2024, 63.2 percent of loans or IDR 7.8 trillion were directly or indirectly given to MSME players and the remaining 36.8 percent or around IDR 4.5 trillion of loans were distributed to non-MSME customers," he said in a statement to the media, Wednesday, November 13.

The distribution of loans to MSMEs increased 14.6 percent compared to the distribution of loans to MSMEs in the previous year, far exceeding the increase in MSME loan growth in the banking industry as a whole in the same period which increased 5.0 percent.

"This achievement cannot be separated from the collaboration and use of technology carried out by Bank Sampoerna," he added.

Of the Rp7.8 trillion credit to MSMEs itself, almost 2/3 of them or Rp5.0 trillion were distributed directly by Bank Sahabat Sampoerna, while the rest were channeled to MSMEs through several strategic partners, both cooperatives, financial technology companies, and peer-to-peer lending.

"Digitalization and collaboration with third parties are our strategic steps in realizing Bank Sampoerna's commitment to help MSME players. With these two strategies, we continue to be able to expand the scope of lending for MSMEs to remote areas and help the national economy," continued Henky.

In addition, until the end of September 2024, the total Third Party Funds (DPK) compiled by Bank Sampoerna recorded a significant increase of 18.0 percent or reached Rp14.6 trillion, compared to the amount collected one year earlier around Rp12.4 trillion.

This DPK growth was also recorded in excess of the growth of the banking industry's DPK, which in the same period grew 6.7 percent.