Bank Muamalat Posts Rp10.22 Billion in Profit in Q1 2023, Down 14.69%

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Erlina Fury Santika 05/05/2023 19:43 WIB

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Bank Muamalat Indonesia reported a profit of Rp10.22 billion in the first quarter of 2023. This figure represents a 14.69% decrease compared to the same period last year.

Bank Muamalat's Net Profit (Q1 2020 - Q1 2023)

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Bank Muamalat Posts Rp10.22 Billion in Profit in Q1 2023, Down 14.69%

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Bank Muamalat's Net Profit (Q1 2020 - Q1 2023)

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PT Bank Muamalat Indonesia Tbk. reported a net profit of Rp10.22 billion in the first quarter (January-March) of 2023.

This profit is actually down 14.69% year-on-year (yoy) compared to the same period last year, which was Rp11.98 billion.

The decrease is due to several factors, one of which is an impairment loss of Rp5.2 billion.

(See also: Islamic Financing in Indonesia Increased Throughout 2022)

However, Muamalat's net profit is still significantly higher compared to the pandemic years. In the first quarter of 2021, its net profit was Rp2.47 billion, while in the first quarter of 2020 it was Rp2.51 billion.

The total assets of this Islamic bank in the first quarter of 2023 amounted to Rp61.59 trillion. Its liabilities totaled Rp56.37 trillion, and its equity was Rp5.21 trillion.

(See also: BSI, the Most Widely Used Islamic Bank in Indonesia)

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."