HomeNewsVideos

Digital transformation enables Bank Syariah Mandiri to record 51.53% net profit growth in Q1 2020

13 May 2020 06:39

JAKARTA. The digital transformation implemented by Bank Syariah Mandiri has resulted in a fantastic growth in its net profit by 51.53% (YoY) to Rp 368 billion in the first quarter of 2020.

Director of IT, Operations, and Digital Banking of Bank Syariah Mandiri Achmad Syafii said that the development of digital features had an impact on the amount of the company's fee-based income (FBI).

The impact can be seen from the digital channel commission revenue which grew by 36.97% YoY from Rp 52.06 billion in March 2019 to Rp 71.31 billion In March 2020. Revenue from mobile banking recorded highest growth (55.76%) from Rp 8,04 billion in March 2019 to Rp 12.52 billion in March 2020, Achmad said in a press release on Tuesday (12/5).

Meanwhile, third party funds (DPK) raised by Mandiri Syariah grew by 16.94% from Rp 87.16 trillion in March 2019 to Rp 101.92 trillion in March 2020.

The number of Mandiri Syariah Mobile (MSM) users currently reaches 1.15 million with 8.5 million transactions. (AM/AR)

© 2024 - IDN Financials - All Rights Reserved.