JAKARTA. The increased fee-based income has driven the net profit of PT Bank Panin Tbk (PNBN) to rise 30.89% to IDR 2.1 trillion at the end of the first half of 2023 compared to the same period last year of IDR 1.6 trillion.

Herwidayatmo, President Director of Bank Panin, said that the 47.94% year-on-year (yoy) increase in fee-based income to IDR 1.68 trillion mostly came from securities and recovery. However, the net interest income (NII) slipped down from IDR 5.03 trillion in June 2022 to IDR 4.78 trillion in June 2023. Therefore, the net interest margin of BNPN shrank from 5.53% in June 2022 to 5.17% in June 2023.

Bank Panin had channelled credit of IDR 138.96 trillion in the first half of 2023, shifting 5.67% yoy, especially for the commercial segment. On the other hand, its gross non-performing loan (NPL) ratio was seen moving from 3.3% in June 2022 to 3.66% in June 2023. Furthermore, net NPL ratio also increased from 0.74% to 1.18%.

Then, Bank Panin reported third-party funds collection of IDR 144.35 trillion at the end of the first half of 2023, growing 5.61%. Its equity was worth IDR 49.51 trillion in June, increasing 8.43% and thus allowing its capital adequacy ratio (CAR) to also rise to 32.89%. (AM/ZH)