BTPN's Net Profit Increased by 32% in Q3 2021

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Cindy Mutia Annur 29/10/2021 12:50 WIB

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PT Bank BTPN reported a net profit of Rp 2.05 trillion until Q3 2021. This figure is up 32% compared to the same period last year.

BTPN Niaga Net Profit per Quarter III (2017-2021)

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BTPN's Net Profit Increased by 32% in Q3 2021

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BTPN Niaga Net Profit per Quarter III (2017-2021)

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PT Bank BTPN reported a net profit of Rp 2.05 trillion in the third quarter of 2021. This figure is up 32% year-on-year (yoy) compared to Rp 1.54 trillion in the same period of the previous year.

The growth in Bank BTPN's net profit was supported by a 5% yoy increase in net interest income. This increased from Rp 7.93 trillion to Rp 8.31 trillion between January and September 2021.

Furthermore, interest expense decreased by 39.28% (yoy) to Rp 2.75 trillion in the January-September 2021 period. Meanwhile, interest income decreased by 11.26% (yoy) to Rp 11.06 trillion.

Bank BTPN's assets totaled Rp 183.02 trillion as of January-September 2021. This figure is down slightly by 0.07% from the end of 2020, which was Rp 183.16 trillion.

Meanwhile, Bank BTPN's third-party funds amounted to Rp 10.53 trillion as of the third quarter of 2021. This is a 15% increase from the end of last year, which was Rp 9.25 trillion.

Editor : Annissa Mutia

"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."