BNI's Net Profit Reaches Record High of Rp18.31 Trillion in 2022

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Cindy Mutia Annur 26/01/2023 16:04 WIB

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BNI Bank reported a net profit of Rp 18.31 trillion throughout 2022. According to this issuer, coded BBNI, this achievement is the highest in the company's history.

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BNI's Net Profit Reaches Record High of Rp18.31 Trillion in 2022

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BNI Bank Net Profit (2012-2022)

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BNI Bank reported a net profit of Rp 18.31 trillion in 2022. This achievement increased by 68% year-on-year (yoy).

The net profit of the issuer with the code BBNI in 2022 exceeded its pre-Covid-19 pandemic achievement. In 2019, before the Covid-19 pandemic, BNI's net profit was only Rp 15.38 trillion.

"(This achievement) is the highest net profit in BNI's history," said BNI President Director Royke Tumilaar, as quoted by Antara on Tuesday (24/1).

Royke stated that this net profit achievement stemmed from Operating Income Before Provision (PPOP), which grew by 14.8% year-on-year (yoy) to Rp 34.4 trillion, and improved credit quality, resulting in a cost of credit increasing to 1.9% in 2022 from 3.3% year-on-year (yoy).

Furthermore, the bank's increased revenue was also supported by total disbursed credit reaching Rp 646.19 trillion throughout 2022. This realization grew above the company's initial target, reaching 10.9% (yoy), followed by a maintained Net Interest Margin (NIM) at 4.8%.

"Healthy credit growth is supported by business expansion from top-tier debtors and their downstream businesses originating from the debtor's value chain," said Royke.

In addition, fee-based income (FBI) also grew year-on-year by 8.7% (yoy) to Rp 14.8 trillion.

Over the past decade, BNI's net profit has shown an upward trend. This state-owned company experienced a sharp decline in net profit in 2020 due to the Covid-19 pandemic, reaching only Rp 3.28 trillion.

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."