JAKARTA - PT Bank OCBC NISP Tbk (NISP) recorded loan growth of 2% year on year (yoy) in the first semester of 2019. NISP President Director Parwati Surjaudaja said that the loan realisation is the lowest during her 29-year career in the bank.
According to Ms Surjaudaja, the slowdown was caused by fluctuating macroeconomic conditions both domestically and overseas in the first six months of the year. Nonetheless, the company remains optimistic that it can achieve this year’s loan growth target of 10%.
As reported by Kontan.co.id, due to the loan growth NISP’s net interest income (NII) only grew 2% yoy to Rp 3.21 trillion, while its net interest margin (NIM) ratio was corrected 0.2% to 4% yoy. (MS)