OCBC NISP's net profit rises 15% in Q1
JAKARTA - PT Bank OCBC NISP Tbk (NISP) recorded a brilliant performance in the first quarter of 2019. At the end of March 2019, the Bank posted a net profit of Rp 765 billion, up by 15% from the same period last year of Rp 663 billion.
Third party funds grew by 8% from Rp 121.1 trillion in the first quarter of 2018 to Rp 130.5 trillion at the end of the first quarter of 2019. In addition, gross credit grew by 6% to Rp 117.5 trillion at the end of the first quarter of 2019 from Rp 110.7 trillion in the first quarter of 2018.
"In 2019, Bank OCBC NISP believes that the banking industry continues to record positive growth. In accordance with Bank Indonesia's projections, the banking industry is estimated to be able to record credit growth of 10-12%, while growth in bank deposits is 8-10% with adequate liquidity maintained. With the spirit of "Nothing Is Impossible", we are optimistic that Bank OCBC NISP can continue to grow healthily and sustainably by adhering to the prudent principle in lending," said Parwati Surjaudaja, President Director of Bank OCBC NISP in a release.
To achieve healthy and sustainable growth, Bank OCBC NISP has prepared various strategies including accelerating retail growth, supporting sustainable financial initiatives and continuing transformation by optimizing digital initiatives and delivering a better customer experience. Answering the need for KPR / KPA, Bank OCBC NISP presents KPR Easy Start products to help the community, especially the younger generation, to have their first residential house with light installments. (LM)