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Bank BJB books Rp 418 billion in first quarter net profit

29 April 2020 10:51

JAKARTA - PT Bank Pembangunan Daerah Jawa Barat & Banten, Tbk (BJBR) still recorded positive performance amid the Covid-19 pandemic. Bank BJB managed to record a net profit of Rp 418 billion in the first quarter of this year. This positive achievement was followed by an increase in the value of assets recorded at Rp123 trillion, or grew by 4.5% year on year (y-o-y).

The credit sector grew 9.1% y-o-y to Rp 82.7 trillion. The Bank’s total credit growth is above the average growth of the national banking industry in the range of 6.09% (as of January 2020). The credit growth was successfully achieved due to the quality of credit provided can be maintained, where the number of non-performing loans (NPL) was also successfully suppressed in the range of 1.65% which is also below the average of the national banking industry recorded at 2.56% (as of January 2020).

Director of the Bank BJB, Yuddy Renaldi said "The positive results recorded by the company shows the strength of the company's performance amid the onslaught of an economic slowdown due to the Covid-19 pandemic. This positive result was accompanied by a series of innovations and the development of a variety of company products and services in order to maintain consistent business continuity.

The Bank’s Third Party Funds (DPK) successfully grew by 4% y-o-y to Rp93.8 trillion. The company also managed to maintain the portion of its low-cost funds or Current Account Saving Account (CASA) at 48.5%. (LM)

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