JAKARTA - PT Allo Bank Indonesia Tbk managed to record a positive performance during the first nine months of this year. This can be seen from the increase in the net profit of the BBHI stock coded company in the third quarter of 2021.
In the company's financial report, quoted Monday, October 25, Allo Bank posted a net profit of Rp85.73 billion in September 2021. The profit of the bank owned by conglomerate Chairul Tanjung increased 77.16 percent yoy from last year's realization of Rp48.39 billion.
The increase was in line with the increase in interest income and operating income. Not only that, the increase in profit was also driven by a decrease in operating expenses.
In the same period, interest income and operating income rose 262.62 percent yoy to Rp131.56 billion and 74.24 percent to Rp88.55 billion.
Meanwhile, operating expenses fell from minus Rp72.71 billion in September 2020 to minus Rp59.91 billion this year. In this way, the decrease in operating expenses also boosted the company's profit.
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As is known, Allo Bank was previously known as Bank Harda Internasional. This company is engaged in banking which was founded in 1993 and is located in Jakarta.
In November 2020, Mega Corpora acquired Bank Harda for Rp308 billion. Bank Harda's shareholder, PT Hakimputra Perkasa, sold 3.06 billion shares or 73.71 percent of the issued and fully paid shares to Mega Corpora.
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