JAKARTA - PT Bank Permata Tbk recorded asset growth of 18.4 percent year on year (year on year/yoy) to Rp241 trillion in the first quarter of 2022. This achievement was supported by credit growth which rose 10 percent to Rp129 trillion, and customer deposits which increased 23 percent. ,3 percent.
PermataBank President Director Chalit Tayjasanant said asset growth was in line with the increase in operating income by 21.9 percent (yoy) in the first quarter of 2022.
"In this commitment, Permata Bank continues to apply the precautionary principle in lending given the impact of the ongoing pandemic and has indirectly led to an increase in inherent credit risk," he said in a written statement quoted by Antara, Saturday, April 30.
Permata Bank also posted an operating income of Rp. 2.9 trillion, or grew by 21.9 percent (yoy) so that operating profit before reserves was recorded at Rp. 1.5 trillion.
The growth in operating income was contributed by the growth of net interest income by 4.2 percent and non-interest income by 113.3 percent in line with the growth in lending until the end of March 2022.
"This also reflects that the management of funds, both customer deposits and capital deposit funds from shareholders, can be managed optimally," he said.
In addition, Permata continues to implement operational cost management optimally as reflected in the improvement in the ratio of Operating Expenses to Operating Income (BOPO) to 72.5 percent or an improvement of 9.8 percent compared to the same period last year of 82.3 percent.
Permata also ensures that there is adequate provision for impairment losses in a prudent manner to anticipate potential losses given the impact of the COVID-19 pandemic that continues in the current year.
In terms of credit quality, the gross non-performing loan (NPL) ratio in March 2022 was maintained at the level of 3.17 percent and the net NPL ratio at 0.6.
"This is in line with the Bank's policy to book credit loss reserves prudently in anticipating potential credit losses," said Tayjasanant.
Permata's capital ratio can be seen in its core capital adequacy ratio (CAR) and CET-1 of 33.1 percent and 25.4 percent, respectively.
"The ongoing commitment of Permata to continue to support the Government of Indonesia in economic recovery is realized by carrying out the financial intermediation function effectively and efficiently," he said.
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