JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) noted a 36.79% decline from Rp 723.15 billion in Q1 2019 to Rp 457.10 billion in Q1 2020.
Interest and profit sharing income went down 3.83%, from Rp 6.42 trillion in Q1 2019 to Rp 6.18 trillion in Q1 2020 and operational income went down 24.27% from Rp 599.59 billion in Q1 2019 to Rp 454.06 billion in Q1 2020. However, decline in expenses were much lesser, 0.55% for interest and profit sharing expenses, going down from Rp 4.06 billion in Q1 2019 to Rp 4.03 billion in Q1 2020 and 2.91% for operational expenses, going down from Rp 1.78 trillion in Q1 2019 to Rp 1.73 trillion in Q1 2020.
In addition, BBTN noted a 69.85% increase in provision for impairment losses on financial and non-financial assets, going from Rp 253.16 billion in Q1 2019 to Rp 429.99 billion in Q1 2020. The company also noted non-operational income of Rp 154.94 billion in Q1 2020, from a loss of Rp 5.28 billion in Q1 2019.
The bank disbursed Rp 253.25 trillion of credit in Q1 2020, 1.01% lower than Rp 255.83 trillion in Q4 2019. (ARM/AC)