BJB Syariah Notes Financing IDR 7.30 Trillion In The Third Quarter Of 2022

Photo: Doc. Antara

JAKARTA - PT Bank Jabar Banten Syariah (Bank BJB Syariah) stated that the financing disbursed by Bank BJB Syariah reached IDR 7.30 trillion as of September 2022 or grew 18.15 percent compared to the same period last year (yoy). "In detail, the productive financing of Bank BJB sharia in the third quarter of 2022 increased above 30 percent and consumptive financing increased by 13 percent," said BJB Syariah Bank President Director Adang Ahmad Kunandar, in Bandung, quoted from Antara, Saturday, October 29. Bank BJB Syariah managed to record a soaring business performance, namely, by achieving a net profit of IDR 59.40 billion until the third quarter of 2022 thanks to collaboration and innovation. According to Adang, his party feels grateful because the business performance of Bank BJB Syariah continues to grow positively until the third quarter of 2022. This is thanks to the hard work of all BJB Syariah Bank personnel and the trust of customers and cannot be separated thanks to the full support of Bank BJB. "Bank BJB Syariah managed to record a net profit of IDR 59.40 billion with an increase of more than 2 times or 115 percent year on year (yoy)," said Adang. Adang said, there are three dominant factors that support each other so that Bank BJB Syariah can make a positive performance until September 30, 2022. The first factor, the structure of the cost of funds, the second is that financing grows impressively, along with the collection of good Third Party Funds (DPK). And the third factor, Bank BJB Syariah operates more efficiently so that BOPO is successfully suppressed. DPK Bank BJB Syariah reached IDR 8.5 trillion as of September 2022 and also jumped to 25.5 percent (YoY) worth IDR 1.7 trillion. The increase in DPK shows three things, namely the level of trust that is getting better from customers who mandate funds to be managed by Bank BJB Syariah, the liquidity of Bank BJB Syariah is sufficient to support future business plans, collaboration and synergy. In addition, he said, Bank BJB Syariah developed features and Mobile Maslahah so that it was able to increase low-cost funds. Bank BJB Syariah juga, lanjut Adang, berhasil menuntukkan pendapatan setelah bagi hasil (Net Imbalan) Rp404.9 miliar atau melonjak 20 persen dari sebelumnya Rp336,4 miliar. Net non-performing financing (NPF) was successfully suppressed from 2.19 percent to 1.74 percent, while gross NPF also improved from 4.27% to 3.19 percent. BPO Bank BJB Syariah was successfully reduced from 89.81 percent to 87.30 percent. Meanwhile, assets grew 20.49 percent to Rp11.15 trillion, and the capital adequacy ratio (CAR) was at the level of 22.44 percent. Adang added that the healthy performance of Bank BJB Syariah will support future aspirations and this achievement also increases the optimism of this bank to start a series of corporate actions. Such as the issuance of Sukuk to strengthen the expansion of the bank's business, both organic and inorganic.