Bank DKI Credit Distribution in Third Quarter 2023 Reaches Rp 50 T

Bank DKI again recorded positive performance growth throughout the third quarter of 2023. Bank DKI's credit distribution grew by 6.90 percent to Rp 49.96 trillion as of September 2023, from the previous Rp 46.73 trillion in September 2022.

The growth of the micro and retail segments has pushed Bank DKI's MSME credit ratio as of September 2023 to 9.87 percent

Bank DKI's Finance and Strategy Director, Romy Wijayanto said credit and financing growth is in line with a consistent business strategy in potential segments with the main focus on increasing the portfolio in the MSME segment which is in line with the company's vision and mission.

According to him, credit growth was mainly driven by the retail segment which grew by 68.66 percent to Rp 1.66 trillion in September 2023, from Rp 986.30 billion in September 2022.

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Then microcredit also showed good performance with a growth of 42.86 percent to Rp 3.27 trillion in September 2023 from Rp 2.29 trillion in September 2022.

"The growth of the micro and retail segments has pushed Bank DKI's MSME credit ratio as of September 2023 to 9.87 percent from previously recorded at 7.00 percent in September 2022," he expressed, Tuesday (10/24).

He explained consumer credit recorded positive growth, or 13.64 percent to Rp 21.58 trillion in September 2023, from Rp 18.99 trillion in September 2022.

On the other hand, Bank DKI carried out a larger scale credit distribution strategy selectively, such as syndicated loans which grew 10.91 percent to Rp 6.53 trillion in September 2023, from a position by Rp 5.89 trillion in September 2022.

In the meantime, the commercial credit segment disbursement (including term loans) in September 2023 reached Rp 15.54 trillion, while medium credit reached Rp 1.37 trillion in September 2023.

"Specifically, financing for the sharia segment also grew 6.22 percent to Rp 7.70 trillion in September 2023, from the previous Rp 7.24 trillion in September 2022," he explained.

He explained the company keeps prioritizing effective risk management and strict supervision in its credit expansion strategy to ensure optimal asset quality. The Gross Non-Performing Loan (NPL) Ratio was maintained at a low level of 1.83 percent with a Net NPL of 0.64 percent in September 2023, which indicates Bank DKI's credit quality is healthy.

Bank DKI had also made adequate reserves with a Coverage Ratio at a conservative level reaching 219.96 percent in September 2023.

"Efforts to control credit quality are also conducted through collection, restructuring, and credit rescue efforts, following applicable regulations," he explained.

To maintain healthy liquidity growth, Bank DKI succeeded in collecting growth in Third Party Funds to Rp 63.66 trillion in September 2023, or a growth by 4.45 percent from the previous at Rp 60.94 trillion in September 2022. In line with the growth in TPF, the Loan to loan-to-deposit ratio ( LDR) is also maintained at the level by 78.49 percent in September 2023.

He went on to say that various business growths pushed total assets to grow by 3.99 percent from Rp 75.24 trillion as of September 2022, to Rp 78.24 trillion as of September 2023.

Bank DKI was also able to record a net profit by Rp 693.27 billion until September 2023. The net profit achieved was supported by an increase in Bank DKI's interest income for the September 2023 period by 20.02 percent to Rp 3.97 trillion, from Rp 3.31 trillion in the same period the previous year.

"Along with the increase in the Fed interest rate and the BI 7-Day Repo Rate, it also influenced the increase in Bank DKI's interest expense which was recorded at Rp 1.88 trillion in September 2023, from the previous Rp 1.11 trillion in September 2022," he continued.

He added other important financial performance ratios also showed consistent and maintained improvement, with ROE by 9.44 percent, ROA by 1.51 percent, and Operating Expenses to Operating Income (BOPO) stable at the level by 79.53 percent.

"Bank DKI also continues to maintain the Bank Health Level or TKB at the Healthy Composite Rating. As the results of the evaluation and assessment from the Financial Services Authority (OJK), until June 2023, Bank DKI received Composite Rating Category 2 (Healthy)," he stated.