Strong Fundamentals, Himbara Records Solid Performance Amid Global Dynamics

Illustration - Banks that are members of the Association of State-Owned Banks (Himbara). (photo: dock. between)

JAKARTA Chairman of the Association of State-Owned Banks (Himbara) who also serves as President Director of Bank Rakyat Indonesia (BRI), Sunarso, emphasized that the fundamental performance of Himbara remains solid throughout 2024 despite the challenges of the global economy. This is reflected in the consolidated financial performance report which shows positive growth in various aspects, including net profit and lending.

In the report, BRI posted a profit of IDR 60.64 trillion, followed by Bank Mandiri with IDR 55.78 trillion, BNI IDR 21.5 trillion, and BTN which won IDR 3 trillion. According to Sunarso, this achievement is clear evidence that strong synergy and good governance have become the main capital for Himbara in the face of the dynamics of the banking industry that continues to change.

In terms of intermediation, Himbara recorded positive credit growth in various segments. BRI, for example, recorded credit growth of 6.97 percent year-on-year (yoy), with total distribution reaching Rp1,354.64 trillion. Interestingly, around 81.97 percent of the total credit was channeled to the Micro, Small and Medium Enterprises (MSMEs) sector, which shows the bank's strong commitment to supporting the productive sector.

Meanwhile, Bank Mandiri reported total consolidated credit disbursement of IDR 1,670.55 trillion, an increase of 19.5 percent yoy, with the wholesale segment as the main driver of growth. BNI also recorded credit expansion of 11.6 percent yoy, with total credit disbursed reaching IDR 775.87 trillion.

This was driven by the recovery of the national economy and a prudent credit expansion strategy. Meanwhile, BTN recorded credit growth of 7.3 percent yoy, from Rp333.69 trillion to Rp357.97 trillion, with the majority of credit coming from the Home Ownership Credit (KPR) segment, both subsidies and non-subsidized.

Not only in terms of credit, positive performance is also reflected in the collection of Third Party Funds (DPK) which experienced significant growth. BRI recorded a total DPK of Rp1,365.45 trillion, with current account savings account (CASA) reaching Rp918.98 trillion or around 67.30 percent of the total DPK.

Bank Mandiri posted a total deposit of Rp1,699 trillion or grew 7.73 percent yoy, with CASA dominance reaching 80.3 percent. On the other hand, BNI recorded DPK growth of 11 percent yoy, from Rp232 trillion in 2023 to Rp258 trillion in 2024. BTN also showed positive DPK growth, up 9.1 percent yoy from Rp349.93 trillion to Rp381.67 trillion, with CASA ratio of 54.1 percent.

Sunarso emphasized that the strong business fundamentals of the banks that are members of Himbara contributed greatly to the stability of the national banking industry, which ultimately had a positive impact on the Indonesian economy as a whole. He emphasized that Himbara is committed to continuing to maintain the stability of banking services and fundamental performance with good governance, as well as supporting sustainable national economic growth.

In addition, Himbara also ensures that all banking operational services run smoothly and safely, so that customers continue to get optimal access to various available financial products and services. With solid fundamentals and performance that continue to show positive growth, Himbara is optimistic that she can continue to contribute to strengthening Indonesia's financial sector in the midst of various global challenges.