BNI Achieves Net Profit of Rp20.9 Trillion in 2023, a 14.18% Surge

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Erlina Fury Santika 28/01/2024 06:00 WIB

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BNI's financial report shows a net profit of Rp20.90 trillion for the full year 2023. This represents a 14.18% increase from Rp18.48 trillion in 2022.

BNI's Net Interest Income and Net Profit (2022-2023)

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BNI Achieves Net Profit of Rp20.9 Trillion in 2023, a 14.18% Surge

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BNI's Net Interest Income and Net Profit (2022-2023)

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PT Bank Negara Indonesia (Persero) Tbk. (BNI) recorded a net profit of Rp20.90 trillion throughout 2023.

This record profit increased by 14.18% year-on-year (yoy) compared to the same period the previous year (Rp18.31 trillion in 2022).

The state-owned bank's interest income reached Rp61.47 trillion in 2023, growing approximately 12.46% (yoy) from Rp54.65 trillion in 2022.

(See also: BNI's Net Profit Reaches Rp15.75 Trillion, Driven by Increased Credit in Q3 2023)

However, its net interest income (NII) amounted to Rp41.27 trillion, down slightly by 0.10% (yoy) from Rp41.32 trillion in 2022.

The largest component driving this income came from provisions and other commissions, amounting to Rp10.12 trillion in 2023. There was also premium income and investment returns of Rp6.85 trillion in the same year.

(See also: Comparing Profits of 5 Large Banks in Indonesia in Q3 2023: Who's on Top?)

According to Katadata, in terms of operations, credit disbursed by the issuer with the code BBNI grew by 7.6% (yoy) in 2023. This achievement is in line with management's guidance of 7-9%. Meanwhile, third-party funds (DPK) increased by 5.4% (yoy) to Rp811 trillion.

Therefore, the loan-to-deposit ratio (LDR) increased to 85.8% compared to 84.2% in 2022. The growth in DPK was driven by a 3.6% (yoy) increase in current account saving accounts (CASA), and a 10.1% (yoy) increase in deposits.

Unfortunately, BNI's liquidity position or LDR, which is quite high at 85.8%, will make the potential for credit growth in 2024 more limited. BBNI management itself is targeting credit growth of 9-11% in 2024.

(Read more: BNI Records Rp 20.9 Trillion Profit, Up 14.2% in 2023)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."