JAKARTA. The increased net interest income (NII) successfully led PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) to score 62.85% growth in its net profit from IDR 8.86 trillion to IDR 14.43 trillion at the end of April 2022.
Aestika Oryza Gunarto, Corporate Secretary of BBRI, confirmed that its NII shifted 14.62% higher from IDR 29.95 trillion to IDR 34.33 trillion. Until April 2022, BBRI’s channelled credits reached IDR 989.52 trillion, increasing 9.75% year-on-year (yoy).
Gunarto is optimistic that its profitability will continue to rise as the economic condition improves and the banking sector is becoming more well-prepared in facing current and upcoming challenges. “This year, we’re still in economic recovery phase. Hence, BRI’s focus will remain in maintaining reserves and performance sustainability,” Gunarto further added, as quoted by Bisnis on Tuesday (14/6). He then mentioned how reserves are vital in anticipating any economic challenges related to the COVID-19 pandemic that has yet to fully simmer down this year.
Gunarto also revealed that the micro, small, and medium enterprises (MSME) sector reportedly increased as the credit in the microbusiness sector rapidly grew 15.61% yoy. Then, the small business segment’s credit also climbed 8.27% yoy in April 2022. As the most extensive credit distributor to MSME in Indonesia, BRI will retain its focus in empowering small businesses through financing, in particular. (AM/ZH)