Q1 2023: Bank DKI Credit Increases 24.68%

Jakarta – Bank DKI's performance continues its positive trend. As of Quarter I (Q1) 2023, Bank DKI credit increased by 24.68% to IDR 48.37 trillion in March 2023, from IDR 38.80 trillion in the same period the previous year. Thus encouraging an increase in assets of 12.38% to IDR 79.93 trillion in March 2023, from IDR 71.13 trillion in March 2022. Meanwhile, Bank DKI's net profit rose 17.77% to IDR 233.20 billion in March 2023 compared to IDR 198.01 billion in March 2022.

In a written statement in Jakarta on Thursday (27/04/2023), President Director of Bank DKI, Fidri Arnaldy, said that the increase in Bank DKI's performance which continues to grow positively is in line with business strategies in stable and potential segments, including a consistent focus on transformation towards digitalization. "Seeing positive performance developments in the first quarter of 2023, Bank DKI is optimistic that it can achieve its year-end target, in line with the positive national economic recovery trend with a national economic growth target in 2023 of above 5%." said Fidri.

Bank DKI's credit distribution year on year (yoy) compared to the Q1 2022 period increased in all segments. Starting from retail credit, it grew by 79.38% to IDR 1.06 trillion in March 2023 from IDR 595.08 billion in Q1 2022. Micro credit grew by 54.35% to IDR 2.69 trillion in March 2023 from IDR 1.74 trillion in Q1 2022. Consumer credit grew 14.16% to IDR 20.54 trillion in March 2023 from IDR 17.99 trillion in Q1 2022. Credit on a larger scale also grew positively, such as medium credit grew by 47.14% to IDR 1.44 trillion in March 2023 from IDR 981.40 billion in March 2022. Meanwhile commercial credit grew by 16.51% to IDR 16.23 trillion in March 2023 from IDR 13.93 trillion in March 2022. Syndicated credit grew by 80.07%, to IDR 6.39 trillion in March 2023 from IDR 3.55 trillion in March 2022.

Fidri further explained that in the credit expansion carried out, Bank DKI always prioritizes the principle of prudence, reflected in the non-performing loan (NPL) ratio of 1.88% in March 2023 from the previous 3.05% in March 2022. Apart from that, Bank DKI also forms conservative reserves by maintaining a coverage ratio of 225.95%, as a measure to mitigate debtor collectibility.

Director of Finance & Strategy at Bank DKI, Romy Wijayanto then detailed the growth in net profit to IDR 233.20 billion, driven by an increase in interest income which rose by 17.17% to IDR 1.31 trillion in March 2023 from IDR 1.12 trillion in March 2022. This increase was driven by an increase in interest income originating from credit and financing expansion as well as maximizing the Bank's productive assets in various financial instruments such as securities and placements with Bank Indonesia or other banks. Apart from that, fee based income increased by 28.12% to IDR 149.15 billion in March 2023 from IDR 116.42 billion in the same period last year.

The performance of third party funds (DPK) also grew 16.27% to IDR 67.13 trillion in March 2023 from IDR 57.74 trillion in March 2022. Loan to deposit ratio (LDR) rose significantly to 72.06% in March 2023 from 66.29% in the same period the previous year. Meanwhile, other ratios continued to grow positively and were well maintained compared to the Q1 2022 period. ROE was maintained at 9.73%, up from 8.52%, ROA was 1.53%, up from 1.48%, and BOPO was maintained at 78.24%, the same as the previous year's period.

The performance of Bank DKI's Sharia Business Unit also showed adequate growth up to March 2023. Sharia financing distribution grew 12.56% to IDR 7.15 trillion in March 2023, from IDR 6.35 trillion in March 2022. Meanwhile, Sharia DPK collection grew 25.31% to IDR 8.10 trillion in March 2023, from IDR 6.47 trillion in March 2022.

Win Various Awards in Early 2023

Bank DKI Corporate Secretary, Arie Rinaldi, added that along with business growth, Bank DKI also achieved achievements with a total of 37 (thirty seven) categories at 16 (sixteen) award events in early 2023, including being named The Best Regional Bank in Corporate Reputation 2023 by Infobank, Indonesia Best BUMD Awards 2023 in Innovation and Create Appropriate Strategy by Warta Ekonomi, Best Companies by Obsession Group magazine, Best Regional Development Bank for Digital Innovation by Property & Bank magazine, to a number of individual categories for the Directors of Bank DKI, including the President Director of Bank DKI, Fidri Arnaldy as Indonesia Best CEO 2023 In Regional Bank Category by The Iconomics and The Best CEO for Corporate Digital Transformation of The Year by Itech magazine, Director of Finance & Strategy Bank DKI, Romy Wijayanto as Best Performance Chief Financial Officer 2023 in Consistency of Realizing Profit Growth by Warta Ekonomi, and Director of Technology & Bank Operations DKI, Amirul Wicaksono as The Best Chief Information & Digital Officer of the Year by Itech Magazine.

Arie added that as a form of improving the governance of digital-based products, services and business processes, Bank DKI launched the Command Center as a monitoring center for all information technology-based services owned by Bank DKI. Bank DKI Command Center is equipped with the latest modern infrastructure and is based on data integration. With this, Bank DKI emphasizes its important attention in developing digital-based services, to encourage Bank DKI's positioning as not just a Regional Development Bank (BPD) that contributes to the regional scope of DKI Jakarta, but also on a broader scale nationally. Other things that have also been implemented in early 2023 include the establishment of the Bank DKI Learning Center as an effort to prepare talents with the best competencies and digital mindset to welcome Golden Indonesia 2045 as well as the launching of the new Bank DKI Website which is increasingly modern and more informative to characterize Bank DKI as a leading BPD.

Bank DKI Performance Table