JAKARTA. PT Bank Tabungan Negara (Persero) Tbk (BBTN) scored a net profit of IDR 2.78 trillion in Q3 2022, proliferating 50.11% from the gains reported in the same period last year.
Haru Koesmahargyo, President Director of Bank BTN, mentioned that the net profit growth resulted from strategic initiatives that had been implemented by the company; one of them includes maintaining cost of fund (CoF). CoF of BBTN was indeed seen declining from 3.28% to 2.36% in September 2022. This decrease allows for annual growth in its net interest margin (NIM) from 3.51% to 4.5%.
Until the end of September 2022, BBTN managed to channel credits of IDR 289.6 trillion, which was 7.18% year-on-year (yoy) higher. Meanwhile, the centralisation of credit processes successfully improves the non-performing loan (NPL) ratio of the bank, as Koesmahargyo mentioned in the press conference yesterday (27/10). The gross NPL arrived at 3.45%, sliding off from 3.94% last year, while the net NPL shifted from 1.50% last year to 1.23% in Q3 2022.
The housing segment still dominated the credit utilisation with IDR 256.48 trillion worth of credits. Out of said amount, subsidised house ownership credit (KPR) scored the highest with IDR 140.97 trillion of credits, growing 8.46% yoy. Then, non-subsidised KPR was also reportedly 6.4% yoy higher, arriving at IDR 87.11 trillion. (AM/ZH)