JAKARTA - PT Bank MNC Internasional Tbk (BABP) or MNC Bank, a subsidiary of PT MNC Kapital Indonesia Tbk (BCAP) under the auspices of the MNC Group, recorded profit growth and positive performance throughout 2021.
The bank belonging to the conglomerate Hary Tanoesoedibjo posted a net profit of Rp. 12.8 billion, an increase of 23.57 percent compared to 2020 of Rp. 10.4 billion. This positive achievement was supported by the increase in net interest income of MNC Bank in 2021 by Rp.427.5 billion, an increase of 10.9 percent compared to 2020 which was Rp. 385.3 billion.
The increase in net interest income was driven by an increase in interest income, from Rp. 969.8 billion to Rp. 979.9 billion, an increase of 1.05 percent in line with the increase in loans disbursed, as well as the success in reducing interest expense by 5.47 percent, from Rp. 584.41 billion in in 2020 to Rp552.43 in 2021. The decrease in interest expense was due to the success of MNC Bank in increasing low-cost funds (current accounts and savings), including through the Effort Savings program.
"In 2021, MNC Bank Third Party Funds (DPK) will increase by 22.1 percent (yoy) to Rp. 11.24 trillion from the previous Rp. 9.21 trillion in 2020. This achievement is a form of increasing public trust in MNC Bank," said the President Director of MNC Bank, Mahdan in a written statement, Thursday, April 14.
In the same period, MNC Bank recorded credit disbursement of Rp. 8.5 trillion, an increase of 19.40 percent compared to 2020 of Rp. 7.1 trillion. The credit growth was supported by the Wholesale Banking (WB) and Small Medium Enterprise (SME/UKM) segments.
In 2021, credit distribution in the WB segment amounted to Rp. 3.9 trillion, an increase of 68.27 percent compared to 2020 which was Rp. 2.3 trillion. Meanwhile, in the SME/SME segment, it was IDR 534.7 billion, an increase of 7.73 percent compared to 2020 of IDR 496.3 billion.
MNC Bank also recorded positive results in terms of Gross Non-Performing Loans (NPL). In 2021, MNC Bank's NPL will be at 4.42 percent, down from 2020 which was at 5.69 percent.
MNC Bank's total assets as of December 31, 2021 amounted to Rp. 14.01 trillion, up 20.27 percent compared to the previous year of Rp. 11.6 trillion. The increase in MNC Bank assets was driven by an increase in TPF and an increase in core capital in accordance with the Financial Services Authority (OJK) regulations in 2021.
"With solid performance, we continue to be committed to maintaining and improving the quality of service to all customers, as well as a strong emphasis on risk management and always carrying out the principle of prudence in conducting bank activities," Mahdan continued.
From the digital service line, MNC Bank has launched MotionBanking in June 2021. Currently MotionBanking already has features that bring customers closer to the bank, including online account opening/digital onboarding, transfers, bill payments, biometric login, e-wallet top up, payment credit cards to apply for credit card installments with 0 percent interest. Thanks to the maximum use of technology, MotionBanking now has a significant number of users by the end of 2021.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
