Bank Owned By Chairul Tanjung, Its Performance Is Still Good In The Middle Of The Pandemic, Different From Hary Tanoe

Chairul Tanjung conglomerate. (Photo: CT Corp)

JAKARTA - The COVID-19 pandemic has a major impact on all businesses in the country, including the national banking industry. One indicator that can be seen from the impact of the COVID-19 pandemic on banking performance is the profit or profit that a banking company gets.

This cannot be separated from the steps of the banks which restructured and were more selective in extending credit. However, not all banks have experienced a decline in profit, because it has actually increased amid the pandemic.

One of the performing well in the midst of a pandemic is a bank owned by the conglomerate Chairul Tanjung, PT Bank Mega Syariah. The bank's profit in the third quarter of 2020 managed to jump 109.62 percent year on year (yoy) to IDR 63.60 billion.

Regional banks whose shares are also owned by Chairul Tanjung, namely PT Bank Pembangunan Daerah Sulawesi Tengah (Central Sulawesi Bank), were able to experience a profit increase of 54.02 percent yoy to Rp133.17 billion per quarter III 2020.

The banking business unit with the largest capitalization under CT Corp, namely PT Bank Mega Tbk, also does not want to lose. Bank Mega's profit during January-September 2020 increased 27.77 percent annually to IDR 1.76 trillion.

"Bank Mega's profit growth was contributed by an increase in net interest income (NII) by 8.3 percent yoy to Rp2.97 trillion. This growth is far above the growth in bank net interest income per August 2020 which experienced negative growth to -2.57 percent yoy. , "said President Director of Bank Mega Kostaman Thayib in his press release, which was quoted on Tuesday, November 17.

Furthermore, another banking business unit owned by CT Corp, namely PT Bank Sulutgo, also recorded a positive performance in terms of operating profit. In the third quarter of 2020, the company's profit rose 7.68 percent yoy to IDR 141.39 billion.

Meanwhile, the bank that managed to achieve significant profit percentage during the pandemic was PT Bank Nationalnobu Tbk, a bank owned by the tycoon of the Riady family or Lippo Group.

The company was able to reap an increase in profit of up to 47.57 percent yoy until the third quarter of 2020 to IDR 49.89 billion.

The bank owned by Chairul Tanjung and the Lippo Group has indeed performed well. However, the bank owned by tycoon Hary Tanoesoedibjo is different.

PT Bank MNC Internasional Tbk (MNC Bank) achieved a bad performance in the third quarter of 2020. MNC Bank's profit dropped 69.83 percent during January-September 2020 compared to last year, to IDR 2.70 billion.