Neo Commerce Bank Notes An Increase In Bank Interest Revenue Up To 351 Percent In The THIRD Quarter Of 2022

Photo: Doc. Antara

JAKARTA - PT Bank Neo Commerce Tbk (BNC) recorded positive growth in the third quarter of 2022. Bank Neo Commerce managed to record an increase in net interest income (NII) of 351 percent to Rp1.08 trillion. President Director of PT Bank Neo Commerce Tbk, Tjandra Gunawan, said that interest income soared 221 percent year-on-year (yoy) to Rp1.58 trillion. "To the age of almost two years since the presence of a neobank application, and supported by a sustainable positive performance, BNC is increasingly showing its existence as a solution to customer needs. We are committed to always providing the best financial services by continuing to add innovative features and products," he said in an official statement, quoted Thursday, October 27. In terms of Fee Based Income, BNC in the third quarter of 2022 recorded an increase of 342.03 percent to Rp254.14 billion compared to the third quarter of 2021 which was only Rp57.49 billion. Meanwhile, in terms of lending, in the third quarter of 2022, BNC recorded a significant total increase in Credit, which was Rp8.9 trillion, or an increase from Rp3.84 trillion (131.77 percent) year on year (yoy) with the position in the third quarter of 2021. With the increase in Fee Based Income and net interest income in the third quarter of 2022, BNC managed to book a profit of IDR 10.1 billion, thus BNC's net loss as of September 2022 was eroded to IDR 601.2 billion. Meanwhile, compared to the position in September 2021, the Operational Weight Ratio fell by 17 percent, from 147.9 percent to 130.9 percent in September 2022. Meanwhile, positive achievements on the Asset side, in September 2022 BNC's assets have reached Rp15.9 trillion, an increase of 98.75 percent year on year (yoy) compared to the position in September 2021 which was Rp8.1 trillion, while year on year (yoy) on the DPK side also increased by 88.9 percent in September 2022 to Rp12.6 trillion, compared to Rp6.67 trillion in the position in September 2021. "As a Commercial Bank and also an open company, we are also committed to complying with applicable laws and regulations, including the obligation to fulfill core capital," he continued. Tjandra admitted that his party is currently carrying out the rights issue process and it is certain that it will be completed in Quarter IV this year. "I believe that all of our achievements so far are clear evidence that BNC's business and financial fundamentals are getting stronger over time," he concluded.