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MNC Kapital’s profit almost quadrupled, led by its digital bank

05 September 2022 12:19

JAKARTA. PT MNC Kapital Indonesia Tbk (BCAP) posted a net profit of IDR 61.2 billion in the first half of 2022, nearly fourfold of the number recorded in the same period in 2021.

This massive net profit growth of BCAP in H1 2022 was propelled by its consolidated revenue that reached IDR 1.38 trillion, 8% higher than IDR 1.28 trillion in the first half of 2021. This slight upturn in revenue was supported by increases in interest income and dividends, which grew 12.7% year-on-year (yoy), and another satisfactory performance in its digital sector, whose growth reached as high as 217% yoy.

“It aligns with the commitment and focus of BCAP in establishing an integrated digital financial service ecosystem,” the management of BCAP explained in a press release.

For the record, BCAP’s digital bank business, MNC Bank, indeed returned the most to the company, contributing as high as 48.5% to the entire revenue in H1 2022. Then, MNC Life follows with another 14.1% contribution, followed by MNC Insurance of 10%, MNC Finance of 9.5%, MNC Sekuritas of 8.6%, MNC Aset Management of 2.1%, MNC Leasing of 5.5%, as well as Flash Mobil and MNC Teknologi Nusantara, which covered 0.8% of revenue each.

Until June 30, 2022, BCAP’s total assets clocked up to IDR 22.64 trillion, while its total equity amounted to IDR 6.04 trillion. (KR/ZH)

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