TEMPO.CO, Jakarta - PT Bank Negara Indonesia (Persero) Tbk or BNI noted the net profit growth of 16 percent (yoy), from Rp6.41 trillion in the first half of 2017 to Rp7.44 trillion in the first half of 2018. The net profit performance was driven by strong growth of net interest margin (NII) and improvement of asset quality.
According to BNI Retail Banking Director, Tambok Parulian Setyawati, the net profit growth is faster than the net profit growth in the national banking industry which reached 6.3 percent per April 2018.
“BNI net profit growth is sustained by NII which increased from Rp15.40 trillion in the first semester of 2017 to Rp17.45 trillion in 2018,” Tambok said on Wednesday, July 18.
The growth is 13.3 percent faster than the NII growth in the banking industry which only reached 3.4 percent per April 2018. “The growth of NII is the result of BNI’s loan distribution which is still managed with prudent and optimal,” said Tambok.
The supporter of BNI’s other net profit growth is the realization of Non-Interest Income which grew 9.1 percent (yoy) from Rp4.65T in Semester I of 2017 to Rp5.08T in First Semester of 2018. The Non-Interest Income in Semester I in 2018 was driven by an increase in fee contribution from the business banking segment.
The increase was the fee from trade finance which grew by 8.7 percent (yoy) and the bank guarantee fee grew by 14.3 percent (yoy). Meanwhile, the rest is from the Consumer & Retail business growth, among others, the account management fee grew 8.6 percent (yoy), and the fee from the card business grew 7.1 percent (yoy).
“With the increase in Net Interest Income and Non-Interest Income, improvement of asset quality, as well as efficiency effort by OPEX, BNI has been able to grow the net profit rate of 16.0 percent (yoy),” Tambok said. Its increase in profitability pushed the improvement of Return on Equity (ROE) from 15.6 percent to 16.5 percent.
Tambok is optimistic the good performance achieved in the first half of 2018 will continue to increase in the second semester. In the first half of 2018, BNI noted the Third Party Fund Growth (DPK) of 13.5 percent, which is dominated by the low-cost funds (CASA) with a composition of 63.8 percent of the total funds.
“Space for BNI to channel the credit is still wide open, marked by the Loan to Deposit Ratio (LDR) which reached 87.3 percent in the first semester of 2018 in,” said Tambok. The condition encourages BNI to continue its credit expansion in the second half of 2018.