Bank DKI Still Recording Positive Financial Growth Amid COVID-19

In the midst of the global chaos resulting from the coronavirus outbreak, the Bank DKI still shows a positive growth of financial performance.

In overall, credit quality is also well maintained, as indicated by the Net NPL ratio of 0.48 percent as of March 2020

Along the first quarter of 2020 for instance, the bank's credit was recorded at Rp 32.38 trillion, growing better compared to March 2019, which was Rp 31.55 trillion.

PT Bank DKI Finance Director Babay Parid Wazdi said the credit is supported by loans in segments that still recorded growth, such as UMKM which grew by 10.26 percent year on year (yoy), from Rp 1.52 trillion as of March 2019 to Rp 1.67 trillion as of March 2020.

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"In overall, credit quality is also well maintained, as indicated by the Net NPL ratio of 0.48 percent as of March 2020," he expressed, Thursday (4/30).

Even though it still recorded positive growth, the bank continues to monitor the pandemic impacts on finance performance and the ability of the debtor to fulfill their obligations. Responding on this matter, they also provide relief for credit installment payments or relaxation to customers affected by COVID-19.

"This credit installment relief is in accordance with the rules in the Financial Services Authority Regulation (POJK) number 11/POJK.03/2020 on economic stimulus as a countercyclical policy," he explained.

Based on the third-party funds, they also still have satisfied growth in which Bank DKI's DPK as of March 2020 was Rp 33.47 trillion, still growing 3.09 percent compared to March 2019, which was Rp 32.47 trillion.

This result was mainly driven by growth in savings, which grew 6.82 percent from Rp7.77 trillion as of March 2019 to Rp 8.09 trillion as of March 2020.

"We also try to increase the DPK through JakOne Mobile app to customers and prospective customers. Accordingly, opening an account or deposit online with more attractive interest rates and can be done without having to visit the bank," he uttered.

As of March 2020, bank assets were recorded at Rp 46.24 trillion or grew 2.31 percent over the same period the previous year. The various business activities carried out have led to an increase in profit of 1.51 percent up to March 2020 to Rp 183.95 billion.

"We also have recently been assigned to distribute a dividend of Rp 285.95 billion in the annual shareholders meeting (RUPST) which was held electronically for the first time last weekend. The amount reached 34.99 percent of the net profit that was booked by the Bank DKI in the 2019 fiscal year amounting to Rp 817.23 billion," he stated.