JAKARTA – PT Bank Negara Indonesia Tbk. (BNI) reported that it had succeeded in scoring a net profit of IDR 3.9 trillion at the end of the first quarter of 2022. The score rose 63.2 percent on an annual basis or year on year (yoy) compared to the same period the previous year.
BNI President Director Royke Tumilaar said the achievement of this net profit resulted from Operational Income Before Reserves (PPOP) which grew strongly 7.3 percent yoy to IDR 8.5 trillion.
"This operational income achievement is even the highest BNI has ever produced, higher than operating income before the pandemic," he said in a presentation on Tuesday, April 26.
According to Royke, efforts to improve credit quality through monitoring, handling and effective policies made credit reserve costs also drop sharply by 26.1 percent in the first quarter of this year.
In detail, he explained that the total credit balance distributed throughout the first quarter of 2022 grew by 5.8 percent to IDR 591.68 trillion. He said, this position was already higher than the conditions before the pandemic, namely the first quarter of 2020.
It was revealed that other positive performance indicators reflected in the quality of assets, liquidity, and efficiency were also getting better so as to encourage the achievement of higher operating income.
"We are grateful that BNI was able to maintain a solid performance at the beginning of this year. This performance is one sign of recovery as well as better economic growth this year," he said.
In the future, continued Royke, the company will continue to improve credit performance with a growth range of 7 percent to 10 percent this year.
This performance acceleration will be strongly supported by plans for stronger and quality credit disbursement in all segments and positive macroeconomic trends such as more open economic activity and strong commodity prices.
"The situation of the easing of the distribution of the Omicron variant brings our confidence that this economic stretch will continue to encourage increased quality of performance," he said.
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Furthermore, in terms of credit intermediation, the business banking segment is still the engine of credit growth acceleration.
It said that financing to the private corporate segment rose 9.9 percent yoy to IDR 193.2 trillion. This was followed by the large commercial segment, which grew 24.5 percent yoy to IDR 46.1 trillion, while the MSME segment increased by 11.8 percent yoy or equivalent to IDR 98 trillion.
Overall credit in the Business Banking sector grew 4.8 percent yoy to IDR 489.3 trillion.
Then from the consumer side, payroll loans and home ownership loans posted a positive strengthening performance at the beginning of this year with growth of 18.8% percent and 8.4 percent yoy, respectively. Overall, consumer credit grew 11.4 percent yoy.
The progress of intermediation was accompanied by the ability to manage the ratio of non-performing loans (NPL) which continued to improve to 3.5 percent from the previous 4.1 percent in the first quarter of 2021.
Then third party funds grew 8.4 percent yoy, with the current account and saving account (CASA) ratio still dominating and continuing to increase to 69.2 percent from 67.9 percent in the same period last year.
"BNI debtors affected by the pandemic have started making payments, so we are optimistic that the trend of improving credit quality will continue in all segments," concluded Royke.
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