JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) recorded a net profit increase of 22.27% year on year (yoy) to Rp 2.58 trillion from January to February 2020.
According to BNI Treasury and International Director Putrama Wahju Setyawan, this shows that the state-owned bank’s performance remains adequate although the economy, including the banking sector, has been slowing down due to the coronavirus (COVID-19) pandemic.
“We always study the development [of the economy] and we will remain growth by implementing risk management amid the uncertainty caused by the COVID-19 outbreak,” said Mr Setyawan in an official statement, Tuesday (7/4).
BNI’s net profit growth during the period was supported by its net interest income (NII), which surged 15.85% yoy to Rp 5.92 trillion and fee-based income (FBI) which reached Rp 1.44 trillion.
In addition, the company’s asset value during the period rose 9.72% yoy to Rp 788.72 trillion, supported by loan disbursement which grew 11.8% yoy to Rp 529.53 trillion, while its third-party funds grew 9.83% yoy to Rp 573.3 trillion. (MS)