BNI Successfully Prints A Net Profit Of IDR 8.8 Trillion In The First Semester Of 2022

BNI Public Expose, Friday 29 July 2022. (Photo: Doc. BNI)

JAKARTA - PT Bank Negara Indonesia Tbk. (BNI) is said to have succeeded in achieving a net profit growth of 75.1 percent on an annual basis (yoy) to Rp. 8.8 trillion at the end of the first semester of 2022.

BNI President Director Royke Tumilaar said this positive book was obtained thanks to solid performance and expansion trends in line with a healthy growth focus on top tier customers.

“We are very grateful for the achievement of performance until the middle of this year, where the intermediation function is getting stronger in line with the trend of economic recovery. The implementation of green banking can still be carried out and even becomes a positive potential for profitability performance," he said in his presentation today, Friday, July 29.

According to Royke, as the first mover of green banking, BNI has proven that the implementation of green financing in Indonesia is able to have a positive correlation with profitability.

“Business activity and public consumption are getting stronger, thus encouraging BNI's performance as an intermediary function. In addition, digital transformation that encourages transaction banking continues to encourage the implementation of BNI's green banking to be more comprehensive," he said.

Royke explained in detail, credit in the first half of this year was recorded at Rp620.4 trillion, up 8.9 percent. The nick was supported by BNI Xpora worth IDR 7.2 trillion. In fact, credit disbursement to export-oriented MSME debtors has reached Rp. 22.1 trillion with the number of debtors reaching 39,000 debtors.

"Covid-19 restructuring credit has been recorded at IDR 62.9 trillion, down from the position in the same period last year of IDR 81.8 trillion. In fact, 64 percent of BNI's debtors affected by the pandemic have started making payments above the base lending rate, so we are optimistic that the trend of improving credit quality will continue in all segments," he said.

Then, the performance of collecting third party funds (DPK) reached Rp. 691.84 trillion, up 7.0 percent, which was dominated by low-cost funds (CASA) with 69.2 percent of the total.

Meanwhile, the net interest margin is stable at around 4.7 percent and is supported by the high achievement of non-interest income which in the first semester of 2022 can reach Rp7.6 trillion, an increase of 11.0 percent.

Then, the loan to deposit ratio (LDR) is at 90.1 percent. On the capital side, the capital adequacy ratio (CAR) is in a strong position of 18.4 percent.

The Cost of Fund or the cost of funds has become more efficient at the level of 1.4 percent and the ratio of non-performing loans (NPL) has decreased to a level of 3.2 percent.

“This positive performance is inseparable from the government's support which has made the business climate very conducive even in the midst of the threat of a global crisis. Credit restructuring due to the pandemic continues to show increasingly significant improvements," concluded Royke.