Interest Expenses Reduced, Bank Mega Owned By Conglomerate Chairul Tanjung Untung Rp4.01 Trillion In 2021

Mega Bank. (photo: Doc. Antara)

JAKARTA - PT Bank Mega Tbk (MEGA) has a good record of financial performance throughout 2021. The bank belonging to the conglomerate Chairul Tanjung earned a net profit of Rp4.01 trillion.

Citing the company's financial report, Thursday, February 3, Bank Mega's net profit grew 33.22 percent from the profit position in 2020 of Rp3.01.

The bank's profit achievement with the MEGA stock code cannot be separated from the increase in interest income. Throughout 2021, Bank Mega earned interest income of up to IDR 8.11 trillion, an increase of 0.74 percent from IDR 8.05 trillion in 2020.

Although interest income grew slightly, Bank Mega managed to reduce interest expense by 20.14 percent from Rp4.13 trillion to only Rp3.27 trillion.

In line with its financial performance, the company's total assets also grew. The value is IDR 132.88 trillion, from the 2020 period of IDR 112.2 trillion.

However, the capital adequacy ratio (CAR) or the risk of Bank Mega's capital adequacy is actually depressed. The figure is 27.3 percent from the December 2020 position of 31.04 percent.

As for other financial ratios, such as return on assets (ROA) rose from 3.64 percent to 4.22 percent, return on equity (ROE) rose from 19.42 percent to 23.49 percent, and the ratio of non-performing loans loan/NPL) was successfully suppressed from 1.39 percent to 1.12 percent.

As is known, Bank Mega is a bank owned by conglomerate Chairul Tanjung through PT Mega Corpora with 58.02 percent ownership. Together with Mega Corpora, conglomerate Anthony Salim also holds shares in Bank Mega through PT Indolife Pensiontama with 6.07 percent ownership.

Meanwhile, public ownership or under 5 percent of Bank Mega is 35.91 percent.