Bank DKI Records First Quarter Of 2021 Net Profit With Value Of IDR 191.6 Billion

Illustration - Service of Bank DKI employees to the public. (Photo: Antara)

JAKARTA - A Regional-owned Enterprise (BUMD) Bank DKI recorded a net profit of IDR 191.6 billion in the first quarter of 2021. Corporate Secretary of Bank DKI, Herry Djufraini said this value is greater than last year's profit.

"Net profit increased 4.16 percent compared to the same period last year of IDR 183.95 billion", Herry said in a statement on Thursday, May 27.

Herry said that the net profit was supported by net interest income growth of 14.43 percent. In the first quarter of 2020, it was recorded at IDR 579.67 billion, and in the first quarter of 2021 amounted to IDR 663.30 billion.

Herry said that the increase in the value of net profit is due to the recovery of the economic condition of the community, thus increasing the demand for credit.

In the first quarter of 2021, Bank DKI recorded credit growth of 3.96 percent YoY to IDR 33.66 trillion as of March 2021 compared to the previous period of IDR 32.37 trillion.

However, Herry said, Bank DKI continues to implement various initiatives and effective risk management to maintain the increase in the risk of non-performing loans.

"Lending and financing are also done very selectively and pay attention to the principle of prudence", he said.

Meanwhile, third-party funds (DPK) of Bank DKI also increased by 28.42 percent to IDR 42.98 trillion in the first quarter of 2021.

Deposit growth was primarily driven by current account growth of IDR 11.34 trillion as of March 2021, an increase of 74.87 percent compared to the previous period of IDR 6.49 trillion.

"Deposit growth was accompanied by an improvement in the ratio of cheap funds (CASA ratio) from the previous 43.54 percent to 47.56 percent", explained Herry.

Nevertheless, there was still a gross non-performing loan (NPL) ratio of banks that increased by 0.1 percent compared to the same period last year. However, Herry said gross NPL is still under control.

"Bank DKI also continues to improve credit quality which is well maintained whereas, in the first quarter of 2021, gross NPL ratio was maintained at 3.19", he said.

The increase in gross NPL ratio, said Herry, is still below the increase in the banking industry's NPL ratio by 0.40 percent from the original 2.77 percent in the first quarter of 2020 to 3.17 percent in the first quarter of 2021.

Bank DKI's NET NPL ratio in the first quarter of 2021 was recorded at 0.62 percent and below the banking industry's NPL Net average of 1.02 percent.

"Credit risk is a challenge for banks considering that we are still covered by the COVID-19 pandemic. We are very grateful that the Financial Services Authority (OJK) extended the relaxation provisions until 2022", he concluded.