BRI expects its profit to grow by 10%-11% in 2020
JAKARTA. PT Bank Rakyat Indonesia (Persero) Tbk is targeting profit growth of 10-11% next year, slightly higher than its target this year of 8% -9%.
President Director of Bank Rakyat Indonesia, Sunarso explained Bank BRI's business plan for 2020 during a hearing with Commission XI of the House of Representatives (DPR RI) on Wednesday (27/11) In addition to the profit growth target, credit growth in 2020 is expected to reach 10%-11%.
Meanwhile, the non-performing loan (NPL) ratio will be maintained at the level of 2.4% -2.5%. For information, the bank's NPL in September 2019 was at the level of 2.94%.
BRI's asset is expected to grow by 9%-11% next year, same as the target in 2019. By September 2019, BRI's assets had grown by 10.1% YoY to Rp 1,238.65 trillion.
Third-party funds (DPK) is expected to grow by 10% -11% next year. By September 2019, Bank BRI's DPK had grown by 10.1% YoY to Rp 913.6 trillion.
Sunarso revealed that next year, BRI would maintain the company's performance through digitalization. It will also increase productivity, and encourage MSMEs to develop. (AM/AR)