JAKARTA - PT Bank Permata Tbk (BNLI), again held a Public Expose or Public Exposure on Friday, March 7, 2025, in Jakarta.
Throughout 2024, Permata Bank recorded solid growth with a net profit of IDR 3.6 trillion.
President Director of Permata Bank Meliza M Rusli reported, Permata Bank posted Operational Revenue before Provision (PPOP) which grew by 4 percent with improving credit quality.
"Banks focus on prioritizing the principle of prudence in managing credit risk, which is reflected in the improving quality of credit," he said, Friday, March 7.
The optimization of the balance sheet and business efficiency is reflected in the Ratio Loan to Deposit (LDR) which increased to 83 percent. compared to 2023 by 75 percent.
Total assets grew 0.6 percent to Rp259 trillion, with total customer deposits reaching Rp185 trillion and CASA ratio at 55 percent.
Operational efficiency continues to be increased, with the Ratio Cost to Income (CIR) dropping to 50 percent from 52 percent in 2023, driven by disciplined cost management and more agile adoption of digitalization.
On the other hand, lending grew 9 percent yoy to Rp155 trillion. The corporate segment grew up 12 percent yoy to Rp89 trillion, while the commercial and consumer segments grew by 6 percent and 4 percent yoy, respectively.
The asset quality is getting better, reflected in the Gross NPL and Loan at Risk (LAR) ratios, which fell at the level of 2.1 percent and 7.9 percent, compared to 2.9 percent and 8.7 percent in the previous period.
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Furthermore, Permata Bank continues to maintain reserve needs for the potential for conservative credit risk reduction, as reflected in the NPL coverage ratio at 375 percent and LAR coverage at 97 percent.
Permata Bank has one of the strongest capital ratios among the largest commercial banks in Indonesia, with CAR 35 percent and CET-1 26 percent by the end of 2024.
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