JAKARTA. PT Bank Nationalnobu Tbk (NOBU) or NobuBank, a bank whose shares are mostly owned by the Lippo Group, booked a net profit of Rp 32.7 billion in the first semester (1H) of 2020, recording a growth of 68.5% year on year (YoY).
Suhaimin Johan, Director of NOBU, said the achievement was mainly caused by the 19.65% growth in the company's non-interest operating income to Rp 43.12 billion. Meanwhile, the company's net interest income declined by 0.19% in 1H 2020 to Rp 213.51 billion.
"Like other banking industry players, the company is currently facing considerable challenges in encouraging business growth," Johan said via a press release.
Johan said that NOBU's Capital Adequacy Ratio (CAR) was at the level of 25.1%.
On the other hand, NOBU is trying to provide credit restructuring for its debtors. However, Johan did not mention the total value of credit that had been restructured by the company. (KR/AR)