JAKARTA - PT Bank OCBC NISP Tbk (NISP) posted a brilliant performance during the first nine months of this year. The company's net profit was recorded to grow 9% to Rp 2.2 trillion driven by non-interest income.
Until the end of the third quarter, Bank OCBC NISP recorded 11% growth in third party funds on an annual basis. The composition of low-cost funds (CASA) reached 38% and deposits by 62%.
Bank OCBC NISP President Director Parwati Surjaudaja stated, "Optimizing digital initiatives to provide easier, more convenient and simple banking services for customers has a positive impact on Bank OCBC NISP's performance, especially in the growth of Third Party Funds and Non-Interest Income. Ease in opening deposits, investing through various wealth management solutions and foreign exchange transactions through our mobile banking application, ONe Mobile is able to drive positive growth for the Bank."
The Bank continues to channel loans with a total value of Rp 120 Trillion (gross credit) at the end of September 2019 while remained guided by the precautionary principle. This can be seen from the NPL ratio that is consistent under applicable regulations, namely, a gross NPL of 1.8% and a net NPL of 0.8%. (LM)