OCBC NISP Bank Achieves Record High Profit of Rp 3.3 Trillion in 2022

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Adi Ahdiat 02/02/2023 13:00 WIB

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OCBC NISP Bank reported a record net profit of Rp 3.3 trillion in 2022, the highest in the last five years.

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OCBC NISP Bank Achieves Record High Profit of Rp 3.3 Trillion in 2022

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OCBC NISP Bank

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OCBC NISP Bank and its subsidiaries recorded a net profit of Rp 3.3 trillion in 2022, a 32% increase year-on-year (yoy), marking the highest record in the last five years.

Previously, OCBC NISP Bank's net profit had contracted by 28.5% (yoy) at the beginning of the 2020 pandemic. However, its financial performance began to recover in 2021 and strengthened further in 2022, surpassing pre-pandemic achievements.

Similarly, BNI, BCA, and Bank Mandiri also recorded record profits last year.

The growth of OCBC NISP Bank's profit in 2022 was driven by a 14% yoy increase in net interest income and a 25% yoy decrease in loan loss provisions.

Credit disbursement in 2022 increased by 14% (yoy), with details showing that credit disbursement in the business banking segment grew by 13% (yoy) and retail banking increased by 16% (yoy).

The increase in retail banking was supported by consumer credit disbursement, which grew by 24% (yoy) to Rp 21.9 trillion at the end of 2022.

"The growth of bank credit is directly proportional to the increase in economic activity, as well as optimism from consumers and businesses, which has an impact on the recovery of the national economy," said Parwati Surjaudaja, President Director of OCBC NISP Bank, in a press release on Monday (30/1/2023).

OCBC NISP Bank assessed that the quality of its credit disbursement remains maintained, with a gross non-performing loan (NPL) ratio of 2.4%.

"Loan loss provisions against gross non-performing loans are also in a good position at a level above 200%, reflecting that the bank is prudent in managing disbursed credit," they said.

By the end of 2022, OCBC NISP Bank had recorded assets of Rp 238.5 trillion. The total value of its gross credit disbursement reached Rp 137.6 trillion, and customer deposits amounted to Rp 176.1 trillion.

Editor : Adi Ahdiat

"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."