Cerita Bank Muamalat Kuasai' Area Strategis Ambassador Cs Dengan Asset Rp64 Triliun

Illustration (Photo: Doc. Antara)

JAKARTA - Director of Operations and Digital of PT Bank Muamalat Tbk Wahyu Avianto said the company's performance was getting worse with the entry of new controlling shareholders, namely the Hajj Financial Management Agency.

According to him, these indications can be seen in the capital ratio which has soared by 30 percent. This level is far above the minimum adequacy figure which is only in the range of 12 percent.

"Then our assets currently reach Rp64 trillion," he said at the launch of Muamalat's new program in Jakarta, August 3.

Wahyu revealed that the assets are classified as jumbo for Islamic banks in Indonesia.

The reason is, the Islamic-based banking industry in the country is not as massive as conventional financial balances.

As an analogy, the Muamalat boss provided simple comparisons for customers who came to the event.

"The assets of Rp. 64 trillion are ladies and gentlemen, if you imagine that the building (head office) of Bank Muamalat is worth Rp. 1 trillion or Rp. 1.5 trillion with a height of 20 floors. Well, (the value of Muamalat's assets) is the same as all buildings on Jalan Satrio Jakarta. Starting from the Malaysian Embassy, the Manhattan Hotel, Kuningan City, the Ambassador Mall (owners of) all Muamalat. Now there are approximately 60 buildings, like that," he explained.

Citing the company's performance report in the first quarter of 2023, it is known that the first Islamic bank in Indonesia managed to record a profit of IDR 16.4 billion, growing 7 percent compared to the same period the previous year (year on year / yoy).

The slick score was supported by financing disbursement of IDR 19.4 trillion, growing 2.4 percent yoy. Meanwhile, the outstanding financing this quarter is the highest since March 2022.

Then, the company's Financing to Deposit Ratio (FDR) also increased from 41.3 percent as of March 31, 2022 to 42.47 percent at the end of March 2023. Then, Third Party Funds (DPK) reached IDR 45.5 trillion, of which low-cost funds (Current Account and Saving Account/CASA) were recorded at IDR 21.4 trillion.