Bank DKI Profit Grows 30.64 Percent In Quarter II 2022

Illustration. (Photo: Doc. Bank DKI)

JAKARTA - Bank DKI managed to record positive performance growth in mid-2022. Based on audited financial reports for the June 2022 period, Bank DKI managed to record profit growth of 30.64 percent year on year (YoY) to Rp504.90 billion from the previous quarter of 2021 of Rp386.47 billion. Direktur Utama Bank DKI, Fidri Arnaldy di Jakarta, Rabu 31 Agustus mengatakan, indiksi kinerja keuangan Bank DKI mencatatkan pertumbuhan yang baik, termasuk di antaranya total aset yang tumbuh sebesar 28.99 persen, dari awalnya Rp56,73 triliun pada kuartal II 2021 menjadi Rp73,17 triliun pada kuartal II 2022. In addition, Bank DKI also recorded credit growth of 20.15 percent in the second quarter of 2022 to Rp43.64 trillion compared to the second quarter of 2021 of Rp36.32 trillion. Credit growth occurred in all segments, with the growth of the Micro segment which has the highest growth percentage of 34.77 percent in the second quarter of 2022. The growth in lending was also supported by improving the quality of Bank DKI assets, which was marked by a decrease in the NPL ratio, recorded 2.26 percent in the second quarter of 2022 or an improvement compared to the second quarter of 2021 of 3.03 percent. In addition to credit, Bank DKI also managed to record a third-party Fund (DPK) growth of 35.12 percent (yoy) from the original Rp44.95 trillion in the second quarter of 2021 to Rp60.73 trillion in the second quarter of 2022. The growth of the DPK was mainly driven by the growth of Giro's funds of 30.70 percent from the original Rp11.07 trillion in the second quarter of 2021 to Rp14.47 trillion in the second quarter of 2022. Meanwhile, the Director of Finance & Strategy of Bank DKI, Romy Wijayanto, said that the profit growth in the second quarter of 2022 was 30.64 percent mainly supported by growth in net interest income which grew 9.68 percent from Rp1.30 trillion in the second quarter of 2021 to Rp1.43 trillion in the second quarter of 2022. The efficiency of interest expense is the main factor that has a positive impact on Bank DKI's profit growth through maintaining the Cost of Fund level at a relatively low level. Fee-based Income also contributed positively to profit which grew 27.97 percent from the original Rp206.45 billion in the second quarter of 2021 to Rp264.19 billion in the second quarter of 2022. Furthermore, the achievement of Pre-Provisioning Operating Profit (PPOP) in the second quarter of 2022 was recorded at Rp. 797.24 billion, an increase of 26.97 percent compared to the second quarter of 2021 of Rp. 627.91 billion. Romy also said that various performance achievements had been able to encourage an increase in Bank DKI's retention ratio in the second quarter of 2022. This was marked by the growth in the Return on Equity (ROE) ratio which had been able to record double digits in the second quarter of 2022 of 10.72 percent, or an increase compared to the same period in the previous year of 8.69 percent. The Return On Asset (ROA) ratio in the second quarter of 2022 can be maintained at the level of 1.85 percent where previously it was recorded at 1.87 percent in the second quarter of 2021. In line with various efficiency efforts made during 2022, Bank DKI managed to reduce the ratio of Operating Loads to Operating Income (BOPO) which was recorded at 75.80 percent in the second quarter of 2022, improving compared to the second quarter of 2021 of 76.98 percent. Along with the credit growth that occurred, Loan to Deposit Ratio (LDR) Bank DKI also increased in the second quarter of 2022 which was recorded at 71.86 percent compared to the previous months which was still below 70 percent.