JAKARTA PT Bank Negara Indonesia (Persero) Tbk (BNI) chose a conservative approach in navigating the 2023 business year.
President Director (Director) of BNI Royke Tumilaar said that this attitude was taken in accordance with the signal currently captured by the company, namely the prospect of the domestic economy has the potential to no longer be as impressive as the first half.
However, he stated that BNI still sees that macroeconomic indicators in Indonesia will be quite healthy compared to other countries.
Royke said inflation as of September was at the level of 6 percent and was still quite reasonable for the size of developing countries and next year is expected to improve below 4 percent.
"Although the trend of the global economic slowdown is quite worrying, the Indonesian economy is estimated to be relatively stable, supported by an effective fiscal and monetary policy mix to maintain stability," he said when giving a statement to the media crew on Monday, October 24.
According to Royke, the external stability indicators of the Indonesian economy continue to improve, especially from strong foreign exchange reserves and low levels of foreign debt exposure.
"Of course we need to be aware of the potential for increased risks that will be faced by the Indonesian economy and banking in the future. For this reason, the company is taking conservative and proactive steps to maintain profitability in 2023," he said.
Royke added that BNI's growth strategy will remain focused on segments that have attractive returns with good credit quality, such as superior sector corporations and their value chain, payroll loans in consumer segments, and KUR in small segments.
Through this conservative strategy, he continued, net interest margins (NIM) are expected to be at a moderate level, but will be compensated for with a low cost of credit or CKPN fee and optimal income from customer transactions.
"We believe this is the right strategy amid global economic turbulence, to provide optimal and sustainable results for our shareholders," he stressed.
On this occasion, Royke also explained that the company until September 2022 managed to reap a net profit of IDR 13.7 trillion. This result grew 76.8 percent when compared to the same period in 2021.
This positive performance cannot be separated from credit contributions which rose 9.1 percent to IDR 622.61 trillion with a focus on the low-risk segment and the top tier debtor group.
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