Bank DKI Credit And Financing In Q1 2024 Reaches IDR 50 Trillion

Bank DKI Jakarta (ANTARA)

JAKARTA - Bank DKI Regional Development Bank (BPD) recorded a financial report for the March (Q1) 2024 period. In its listing, total credit and financing in Q1 2024 reached IDR 50.5 trillion.

"The total credit and financing of Bank DKI as of March 2024 is IDR 50.5 trillion as recorded in the publication of Bank DKI's financial statements for the March 2024 period," said Bank DKI Finance and Strategy Director Romy Wijayanto in his statement, Thursday, May 2.

Bank DKI's credit and financing for MSMEs in Q1 2024 increased 39.18 percent from Rp3.8 trillion as of March 2023 to Rp5.2 trillion as of March 2024. This increase was triggered by credit growth and micro-segment financing of 39.77 percent from Rp2.7 trillion as of March 2023 to Rp3.8 trillion as of March 2024.

Then followed by credit growth and retail segment financing of 37.70 percent from IDR 1.1 trillion as of March 2023 to IDR 1.5 trillion as of March 2024.

"The cumulative credit and financing portion of MSMEs compared to total credit and financing also increased from 7.77 percent as of March 2023 to 10.36 percent as of March 2024," said Romy.

In credit and financing, the medium, commercial and syndicated segments decreased by 5.67 percent from IDR 24.1 trillion as of March 2023 to IDR 22.7 trillion as of March 2024.

"The decline is part of the bank's strategy to shift the focus of increasing credit in the MSME segment," he said.

In addition, Bank DKI's third party funds (DPK) reached IDR 62.1 trillion as of March 2024. Romy said that his party was improving the structure of the DPK which was reflected in the CASA ratio which increased from 34.35 percent as of March 2023 to 41.45 percent as of March 2024.

Then, the low-cost funds raised by banks reached IDR 25.8 trillion, consisting of Giro of IDR 15.9 trillion as of March 2024, growing 16.41 percent from IDR 13.6 trillion as of March 2023 and savings of IDR 9.9 trillion as of March 2024 which grew 4.86 percent from IDR 9.4 trillion as of March 2023.

Thus, Bank DKI reduces the portion of its expensive funds, as reflected in deposits which decreased 17.44 percent from Rp44.1 trillion as of March 2023 to Rp36.4 trillion as of March 2024.

"This step is a strategy chosen by banks in maintaining the company's liquidity with the loan to deposit ratio (LDR) position increasing from 72.06 percent as of March 2023 to 81.31 percent as of March 2024.

From this condition, Bank DKI can maintain a net profit of IDR 187 billion as of March 2024, which is driven by net interest income of IDR 650 billion and fee-based income of IDR 134 billion as of March 2024. Meanwhile, Bank DKI's total assets as of March 2024 reached IDR 78.2 trillion.