JAKARTA - President Director of PT Bank Rakyat Indonesia (BRI) Sunarso emphasized that interest income, especially the amount of net interest margin (NIM) is not the main factor that affects performance, especially the achievement of BRI's profits.
He explained that the main factor affecting BRI's profit was the growth in credit volume and also the increase in the number of customers being served, especially micro customers.
"I say once again, NIM is not the main factor that affects BRI's profit achievement," he said in a BRI performance presentation in Jakarta, Wednesday, February 8.
Sunarso said, based on BRI historical data, no positive correlation was found between the amount of NIM and BRI's profit achievement.
"This is shown from the NIM BRI bank only data in 2008 of 10.18 percent, with a profit achievement of only Rp5.96 trillion. At that time the number of loan customers was around 5 million and the credit volume was only Rp161.06 trillion," he added.
Another thing is in 2022, said Sunarso, BRI's profit only increased rapidly to Rp47.83 trillion when the BRI NIM had fallen 33.20 percent from its 2008 position.
The increase in BRI 2022 profit was mainly due to the growth in the number of micro customers, which had increased more than 3 times to more than 15 million customers.
"Similarly, credit volume has grown more than 6 times to Rp1,029.80 trillion when compared to the 2008 position," he explained.
It is known, BRI Group managed to record a positive performance with a profit record achievement by scoring a profit of IDR 51.4 trillion at the end of last year.
"Alhamdulillah, we have always been accompanied by loyal friends, Si Untung and Si Slamet throughout January to December 2022, BRI Group managed to record a net profit of IDR 51.4 trillion or grew 67.15 percent year on year (yoy) with total double-digit growth assets of 11.18 percent yoy to IDR 1,865.64 trillion," explained SUnarso.
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