JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk posted a profit growth of 106.14 percent year on year (yoy) of IDR 39.31 trillion in the third quarter of 2022.
The profit will then be contributed to support the Indonesian government in driving the economy through dividend and tax commitments.
BRI President Director Sunarso said BRI will continue to focus on creating sustainable growth.
In addition, BRI is also committed to continuing to develop MSMEs through a go shorter, go faster, and go smaller strategy.
"Because the performance is very good, the challenge is how to maintain sustainability rather than good growth. So the requirement to be able to grow sustainably in my opinion is 4," said Sunarso to the media, Thursday, December 1.
The first is the clarity of new sources of growth through Ultra Micro Holding.
Second, BRI must have sufficient capital. Currently, the company has excellent capital adequacy, where the BRI Capital Adequacy Ratio (CAR) reaches 24 percent.
This percentage is very strong considering that to achieve a complete minimum requirement with Basel III, only 17.5 percent is needed.
"So it can be concluded that our capital is sufficient to grow in the next few years, maybe in the next 3 to 4 years," he continued.
Third, BRI must have sufficient liquidity. Meanwhile, the Loan to Deposit Ratio (LDR) BRI is only 88.92 percent.
Therefore, the company is committed to continuing to encourage credit growth so that LDR reaches the optimal level at around 90 to 92 percent.
Lastly, is the quality of growth itself. BRI continues to strive to manage Non-Performing Loans (NPL) and Cost of Credit to be well maintained. BRI's NPL until the third quarter of 2022 was 3.09 percent decreased from the same period last year which reached 3.27 percent.
"And our Cost of Credit has now dropped from 3 percent to 2.88 percent. I think it will be good if we lower it back so that our Cost of Credit becomes very good," concluded Sunarso.
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