Bank Danamon's Net Profit Soared 56% to Rp1.57 Trillion in 2021

Bank Danamon Tbk reported a net profit attributable to the parent company (consolidated) of Rp1.57 trillion in 2021.

This figure surged 56.12% compared to the net profit in 2020, which amounted to Rp1.01 trillion.

The issuer, with the trading code BDMN, recorded net interest income of Rp13.99 trillion throughout 2021, growing by 0.22% from the previous year.

Meanwhile, operating expenses excluding net interest reached Rp11.58 trillion throughout 2021, down 0.95% compared to the previous year.

The growth in BDMN's profit is in line with the growth in credit in the enterprise banking segment by 6%, thanks to cooperation and support from the MUFG global network.

Bank Danamon's assets decreased to Rp192.24 trillion throughout 2021, shrinking by 4.31% compared to the previous year's assets of Rp200.89 trillion.

Specifically, BDMN's liabilities amounted to Rp147.7 trillion at the end of 2021, down 6.39% compared to the previous year. Meanwhile, its equity reached Rp44.54 trillion in 2021, growing by 3.32% compared to the previous year.

Bank Danamon's Financial Ratios

The Minimum Capital Adequacy Ratio (KPMM) increased from 24.98% in 2020 to 26.72% in 2021.

The gross Non-Performing Loan (NPL) ratio decreased from 2.84% in 2020 to 2.74% in 2021.

The Return on Assets (ROA) after tax increased from 0.51% to 0.82%.

Similarly, the Return on Equity (ROE) increased from 2.65% to 4.07%.

Likewise, the Net Interest Margin (NIM) increased from 7.4% to 7.5%.

(See Also: [These are the 3 Banks with the Highest Profits in 2021, Who is the Champion?](https://databoks.katadata.co.id/datapublish/2022/02/07/inilah-3-bank-pencetak-laba-terbesar-2021-siapa-juaranya))