BTPN Syariah's Net Profit Grew by 18% in Q1 2025

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Nabilah Muhamad 29/04/2025 14:39 WIB

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PT Bank BTPN Syariah Tbk (BTPS) reported a net profit of Rp310.79 billion in the first quarter of 2025. This achievement represents an 18% year-on-year (yoy) increase.

Net Income and Profit* of PT Bank BTPN Syariah Tbk for Quarter I (2024-2025)

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BTPN Syariah's Net Profit Grew by 18% in Q1 2025

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Net Income and Profit* of PT Bank BTPN Syariah Tbk for Quarter I (2024-2025)

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PT Bank BTPN Syariah Tbk (BTPS) reported a net profit attributable to the parent entity of Rp310.79 billion in the first quarter of 2025.

This net profit grew by 17.72% year-on-year (yoy) from Rp263.98 billion in the same period last year.

However, income after profit sharing distribution decreased by 5.81% yoy to Rp1.17 trillion in the first three months of this year.

In terms of expenses, BTPN Syariah showed a decrease in the impairment loss on financial assets by 43.25% yoy to Rp218.07 billion.

"The bank continues to strive to maintain the quality of financing by encouraging the discipline and solidarity of customers, and followed by mentoring programs, enabling the company's performance to grow at the beginning of this year," said BTPN Syariah Director Fachmy Achmad in a written statement on Friday (25/4/2025).

Until the end of March 2025, BTPS had disbursed financing totaling Rp10.3 trillion. Meanwhile, strength ratios remained strong with a return on asset (RoA) of 7.5% and a capital adequacy ratio (CAR) of 53.5%.

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."