Interest expenses down 17%, BRI’s net profit went 103.34% higher

16 November 2022 06:50

JAKARTA. The decrease in interest expenses that are incurred by PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and its subsidiary managed to boost its current year’s consolidated net profit by 103.34% to IDR 39.15 trillion as of September 2022.

According to the financial report issued by BBRI earlier today (16/11), BRI scored an interest income of IDR 115.25 trillion, shifting 9.19% upwards from IDR 105.54 trillion seen in September 2021. Therefore, the consolidated net interest income of BRI also increased from IDR 82.95 trillion to IDR 96.5 trillion (year-on-year/yoy).

As of September 2022, BRI also managed to cut off its interest expenses by 17% yoy, bringing them down from IDR 22.58 trillion to IDR 18.74 trillion. This shrinkage allowed BRI’s profit to flourish, growing from IDR 19.25 trillion to IDR 39.15 trillion (yoy).

BRI, reportedly having total assets of IDR 1,684.6 trillion as of September 2021, recorded gross non-performing loan (NPL) ratio of 3.14% and net NPL ratio of 0.87%. Furthermore, its loan-to-deposit ratio (LDR) swelled from 83.05% to 88.92%. On the other hand, the net interest margin (NIM) reportedly arrived at 7.23%, while its ratio of operating expenses to operating revenue clocked up at 62.59%. (AM/ZH)

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