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Permata Bank maintains solid performance in first half

04 August 2021 17:57

JAKARTA - PT Bank Permata Tbk (BNLI) continues to maintain a solid momentum for improving performance amidst the ongoing COVID-19 pandemic and overshadowing domestic and global economic recovery.

Loan disbursement grew by 16.6% YoY to Rp120.8 trillion, mainly driven by credit growth in the Wholesale Banking segment by 39.8% YoY, which was contributed by, among other things, the completion of integration with Bangkok Bank Indonesia in December 2020. The Bank's loan growth was also supported by the significant growth in mortgage loans of 21.7% YoY in the retail segment.

In line with asset growth, operating income was recorded at Rp4.9 trillion or grew by 19.4% YoY and operating profit before provision grew by 36.6% YoY. In terms of allowance for impairment losses on loans, the Bank continues to apply the precautionary principle in view of the continuing impact of the pandemic which indirectly causes the potential for an increase in inherent credit risk.

This is reflected in the increase in the gross NPL and net NPL ratios in June 2021 to 3.3% and 1.2%, respectively, compared to the position in December 2020 of 2.9% and 1.0%, respectively, although still better than the position in June 2020 of 3.7% and 1.8%, respectively

In the second quarter of 2021, the Bank managed to record a net profit after tax of Rp639 billion, a significant increase of 74.3% compared to the same period last year of Rp366 billion. (LM)

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