Bank DKI Closes 2024 With Stronger Solid Growth And Financial Fundamentals

Photo: Doc. Bank DKI

JAKARTA - Bank DKI closed 2024 with strong performance and solid business growth, in line with the company's vision and strategy in encouraging the acceleration of SME segment financing and strengthening financial fundamentals.

Until the end of December 2024, Bank DKI's total credit and financing grew 2.26 percent to IDR 53.18 trillion, compared to the position in December 2023 of IDR 52.00 trillion. This growth reflects the company's commitment to supporting the economy of Jakarta and its surroundings through healthy and sustainable financing.

The SME segment became the main growth motorbike, with an annual increase of 15.47 percent (YoY) reaching IDR 2.22 trillion as of December 31, 2024, compared to IDR 1.93 trillion in the previous year. President Director of Bank DKI, Agus H. Widodo, emphasized that this achievement was the result of a better risk mitigation strategy, as well as various service digitization and innovation initiatives to encourage growth in the micro, small and medium enterprise segments (MSMEs).

"The year 2024 is an important momentum for Bank DKI in building a more resilient business foundation. By maintaining the principle of prudence, we continue to accelerate credit and financing growth, especially in the SME sector, which has great potential to support the regional economy. We are optimistic that we can maintain this positive growth trend in the years to come," Agus said, quoted Wednesday, February 12.

In addition to SMEs, the consumer credit and financing segment also recorded growth of 5.85 percent, reaching Rp23.39 trillion compared to Rp22.10 trillion in the previous year. The quality of credit is maintained with NPL Gross at 2.54 percent and NPL Nett at 1.06 percent, reflecting disciplined risk management and effective asset management strategies.

As part of the sustainability strategy, Bank DKI also strengthens its value reduction loss reserves (CKPN) with a ratio of 173.20 percent, showing solid capital resilience and readiness to face potential risks in the future.

In the midst of intense competition in the collection of Third Party Funds (DPK), Bank DKI has still managed to maintain growth momentum with the total DPK increasing to Rp64.08 trillion, up from Rp63.63 trillion in the previous year. The Current Account Saving Account (CASA) ratio is maintained at the level of 43.70 percent, which reflects the optimization strategy of low-cost funds to support cost efficiency (Cost of Fund).

The company's liquidity condition remains at a healthy level with a Loan to Deposit Ratio (LDR) of 82.99 percent, ensuring that Bank DKI has sufficient flexibility in credit expansion without compromising liquidity stability.

Bank DKI continues to develop a sustainable growth-oriented business strategy, focusing on digitization, operational efficiency, and developing innovative products.

"We have taken strategic steps throughout 2024 to strengthen business fundamentals, and this will be the basis for more aggressive growth in 2025. Service innovation, business ecosystem expansion, and increased operational efficiency will be our priority to accelerate Bank DKI's business acceleration," added Bank DKI Finance & Strategy Director, Romy Wijayanto.

Until the end of 2024, Bank DKI managed to record a net profit of IDR 779 billion, reflecting solid financial performance and great potential to continue to grow in the years to come.

With increasingly strong fundamentals and directed strategies, Bank DKI is optimistic that it can continue to grow as a healthy, innovative, and highly competitive bank, ready to face challenges and take advantage of opportunities in 2025 and beyond.