BUMD Bank DKI Records 25 Percent Profit Growth In 2021

Photo: Public Relations of Bank DKI

JAKARTA - Bank DKI's BUMD recorded a profit of Rp.727.36 billion as of December 2021. This figure is higher than the profit as of December 2020 of Rp.580.64 billion.

Bank DKI President Director Fidri Arnaldy said the net profit was driven by an increase in operating income before reserves (PPOP) which grew by 45.9 percent year on year (yoy), to reach IDR 1.3 trillion in 2021.

"Along with the increase in credit and profit growth, the total assets of Bank DKI reached IDR 70.74 trillion as of December 2021," Fidri said in his statement, Friday, March 11.

Total assets at the end of 2021 increased by 12.21 percent when compared to the position of total assets of Bank DKI at the end of 2020 which reached Rp. 63.05 trillion. This figure is also better than the growth of national banking assets of 10.18 percent.

Meanwhile, third party funds in 2021 will reach IDR 57.71 trillion. This figure grew by 17.96 percent from IDR 48.92 trillion as of December 2020, thus boosting the total assets of Bank DKI.

"The growth of TPF is above the average growth of TPF for the banking industry in 2021 by 12.21 percent," he said. from IDR 45.49 percent to 51.37 percent in 2021.

This also affects the improvement in the level of cost efficiency of funds or Cost of Funds from 4.39 percent in 2020 to 2.96 percent in 2021.

On that occasion, Fidri revealed that Bank DKI had started implementing an ecosystem business strategy in collaboration with DKI Jakarta BUMDs and their derivatives.

"The business potential in DKI Jakarta is very large, we hope that by implementing a digital ecosystem strategy, especially with DKI Jakarta BUMDs and corporate customers as well as market and school communities, it will be able to increase Bank DKI's future business," he added.