BRI's Net Profit Reaches Rp15.88 Trillion in Q1 2024, a 2.47% Increase

Market

Lite

Erlina Fury Santika 25/04/2024 18:07 WIB

URL has been copied

Memuat...

BRI recorded a net profit of Rp15.88 trillion in Q1 2024, up from Rp15.5 trillion in the same period last year.

BRI Revenue* and Net Profit per Quarter I (2023-2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

BRI's Net Profit Reaches Rp15.88 Trillion in Q1 2024, a 2.47% Increase

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

BRI Revenue* and Net Profit per Quarter I (2023-2024)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Bank Rakyat Indonesia Tbk (BRI) reported a net profit attributable to the parent entity of Rp15.88 trillion in Q1 2024, according to the company's financial report published on Thursday (25/4/2024).

This profit increased by approximately 2.47% year-on-year (yoy) compared to the same period last year, which was Rp15.5 trillion in Q1 2023.

Gross interest and sharia income for the issuer with the code BBRI reached Rp50 trillion in Q1 2024. This figure surged by 17.93% (yoy) from Rp42.46 trillion in Q1 2023.

Net interest and sharia income amounted to Rp35.95 trillion in Q1 2024, up 9.68% (yoy) from Rp32.77 trillion in Q1 2023.

(See also: BRI Profit Up 12%, Reaches Rp44 Trillion in Q3 2023)

Citing Katadata, loans disbursed by BBRI totaled Rp1,308.65 trillion, increasing by 10.89% (yoy). Of these disbursed loans, approximately 83.25%, or Rp1,089.41 trillion, were channeled to micro, small, and medium enterprises (MSMEs).

Meanwhile, third-party funds or BRI customer deposits grew faster at 12.80%, reaching Rp1,416.21 trillion.

In terms of financial ratios, gross non-performing loans (NPLs) increased to 3.27% compared to 3.02% in March 2023. Net NPLs also slightly increased to 1% from 0.82% in the first quarter of last year.

BRI's capital adequacy ratio (CAR) stood at 23.97%, with a loan-to-deposit ratio (LDR) of 83.28%. The company also reserved an NPL coverage of 214.26%.

The total assets of the state-owned bank now reach Rp1,989.07 trillion as of Q1 2024, a 9.11% (yoy) increase. Total liabilities amounted to Rp1,690.17 trillion, and equity stood at Rp298.89 trillion as of Q1 2024.

(Read Katadata: BRI Books Net Profit of Rp 15.9 Trillion in Q1 2024, Up 2.7%)

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."