Meroket 316 Percent, Bank Muamalat Raup Profit Rp52 Miliar

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Muamalat Indonesia Tbk recorded profit growth before tax of 316 percent or Rp52 billion until December 31, 2022.

This significant increase in profit was supported by the increase in the company's fee-based income by 95 percent (yoy) from IDR 560.5 billion as of December 31, 2021 to IDR 1.1 trillion at the end of December 2022.

Acting President Director of Bank Muamalat Hery Syafril said, 2023 is a year of transformation to grow healthy with sustainable profit.

Therefore, positive achievements in 2022 show that the company is on the right track to achieve this target.

This year we implemented a number of strategic plans. First, optimization and sharpening business potential in the financing and funding segment, especially the retail segment. Then second, sharpening distribution channel strategies, both physical networks and digital networks. And third, organizational development and human resources," he told the media, Monday, February 20.

Hery added that Bank Muamalat's assets as of December 31, 2022 were recorded at IDR 61.4 trillion or grew 4.2 percent YoY from IDR 58.9 trillion as of December 31, 2021.

The Third Party Funds (DPK) reached IDR 46.14 trillion. The company's asset quality is well maintained.

It can be seen from the Non Performing Financing (NPF) ratio of 0.86 percent (nett).

Meanwhile, Bank Muamalat was able to reduce operating expenses so that efficiency increased.

This is reflected in the decline in the ratio of operating expenses to operating income (BOPO) from 99.30 percent to 96.62 percent as of December 31, 2022.

The company's capital adequacy ratio (CAR) increased by 8.94 percent (yoy) from 23.76 percent as of December 31, 2021 to 32.70 percent as of the end of December 2022.

This increase was due to the realization of the increase in tier 2 capital of Rp. 2 trillion.

Thus, Bank Muamalat's total capital as of December 31, 2022 was recorded at IDR 6.97 trillion, an increase of 34.4 percent from the previous period of IDR 5.19 trillion.

For information, in August 2022 Bank Muamalat received an idA+ rating from PT Pemeringkat Efek Indonesia (Pefindo) with the company's prospect being stable. This rating also applies to Islamic securities or Sukuk Mudharabah 2021.