PT Bank Negara Indonesia (Persero) Tbk posted a positive business performance in the third quarter of 2021.
This is reflected in the company's net profit growth. The bank with the issuer code BBNI posted a net profit of Rp 7.7 trillion in the third quarter of 2021. This achievement shot up 73.9 percent year on year (YoY) from Rp 4.3 trillion in September last year. The profit growth mainly came from the growth of fee-based income and net interest income, which were 16.8 percent YoY and 17.6 percent YoY, respectively. Also read: Up 35 Percent, BTN Net Profit Reaches Rp 1.52 Trillion As of Q3 2021 BNI President Director Royce Tumilaar said the positive performance was the result of the company's digital transformation. This step succeeded in reducing the impact of the restriction rules that began to be implemented at the beginning of the third quarter of 2021. "The achievement of BNI's performance in the 3rd quarter of 2021 is a positive result of the disciplined efforts of management and all BNI personnel who always work together to accelerate digital transformation," he said. in a virtual press conference, Monday (25/10/2021). With the development of digital services, BNI managed to record a very healthy low-cost fundraising performance, which is one of the factors supporting solid credit. It was recorded that the composition of low-cost funds or CASA reached 69.7 percent of the total third-party funds. "The highest in the last 10 years," said Royce. Royce further said that CASA grew 8 percent YoY, from Rp 431.3 trillion in the third quarter of 2020 to Rp 465.7 trillion in the third quarter of this year. With this acquisition, CASA dominates TPF which also grew 1.4 percent YoY, from Rp. 659.52 trillion, to Rp. 668.55 trillion as of September 2021. "The growth in CASA has an impact on saving interest expense by 10 basis points from the previous quarter. ," he said. Meanwhile, BNI's operating income before reserves (PPOP) grew 21 percent YoY. Meanwhile, net interest income (NII) increased 17.6 percent YoY, from Rp 24.39 trillion to Rp 28.70 trillion in the third quarter of 2021. This NII growth is the effect of BNI's credit distribution, which is still growing 3.7 percent, from Rp. 550.07 trillion in the third quarter of 2020 to Rp. 570.64 trillion in the third quarter of 2021. At the same time, BNI's non-interest income grew 14.2 percent YoY, from Rp 8.94 trillion to Rp 10.21 trillion. "This growth stems from the increased performance of key FBI resources," Royce said.
PT Bank Tabungan Negara (Persero) Tbk (BBTN) until the third quarter of 2021 recorded net profit
growth of 35.32 percent year-on-year (YoY) to Rp 1.52 trillion compared to the same period last year of Rp 1,12 trillion. President Director of Bank BTN Haru Koesmahargyo said the increase in net profit was supported by growth in lending and cost of funds (CoF) efficiency. "We are optimistic that this positive performance will continue until the end of 2021 with various innovations and business transformations carried out by Bank BTN," Haru said virtually, Thursday (10/21/2021). amounting to Rp 270.27 trillion as of September 30, 2021, an increase of 6.03 percent YoY compared to the same period last year of Rp 254.91 trillion. Subsidized Home Ownership Loans (KPR) are also still the main support for BBTN credit growth with an increase of 11.74 percent YoY to Rp 129.98 trillion on September 30, 2021. percent," Haru added. Non-subsidized mortgages also showed an increase of 2.11 percent YoY to IDR 81.88 trillion as of September 30, 2021. From the non-housing segment, consumer loans and corporate loans also showed positive growth at their respective levels. by 21.28 percent YoY to Rp 5.79 trillion and 89.77 percent YoY to Rp 12.15 trillion. “Overall, Bank BTN's record of credit and financing growth is also above the national average for lending. Bank Indonesia data records that the growth of credit disbursed by the national banking industry only increased at the level of 2.21 percent as of September 2021," he explained. Credit quality also continued to show improvement in almost all segments. In the third quarter, Bank BTN's gross Non-Performing Loan (NPL) was successfully reduced to 3.94 percent from 4.56 percent in the same period last year. Although the NPL was successfully suppressed, the company continued to increase the coverage ratio by 1,410 bps YoY to 125.46 percent at the end of September this year from 111.36 percent in the same period the previous year.