Bank DKI Closes 2024 with Solid Growth and Stronger Financial Fundamentals

Jakarta, [12 February 2025] – Bank DKI closed 2024 with strong performance and solid business growth, in line with the company's vision and strategy in encouraging accelerated financing for the SME segment and strengthening financial fundamentals. Until the end of December 2024, Bank DKI's total credit and financing grew 2.26% to IDR 53.18 trillion, compared to the position in December 2023 of IDR 52.00 trillion. This growth reflects the company's commitment to supporting the economy of Jakarta and its surroundings through healthy and sustainable financing.

The SME segment is the main growth engine, with an increase of 15.47% on an annual basis (YoY) reaching IDR 2.22 trillion as of 31 December 2024, compared to IDR 1.93 trillion in the previous year. Bank DKI President Director, Agus H. Widodo, emphasized that this achievement was the result of better risk mitigation strategies, as well as various digitalization initiatives and service innovations to encourage growth in the micro, small and medium enterprise (MSME) segment.

"2024 is an important momentum for Bank DKI in building a more resilient business foundation. By maintaining the principle of prudence, we continue to accelerate credit and financing growth, especially in the SME sector, which has great potential in supporting the regional economy. We are optimistic that we can maintain this positive growth trend in the years to come," said Agus.

Apart from SMEs, the consumer credit and financing segment also recorded growth of 5.85%, reaching IDR 23.39 trillion compared to IDR 22.10 trillion in the previous year. Credit quality remains maintained with Gross NPL of 2.54% and Net NPL of 1.06%, reflecting disciplined risk management and effective asset management strategies. As part of its sustainability strategy, Bank DKI also strengthened its allowance for impairment losses (CKPN) with a ratio of 173.20%, showing solid capital resilience and readiness to face potential risks in the future.

Strong Fundraising, with Solid CASA

In the midst of tight competition in collecting Third Party Funds (DPK), Bank DKI still managed to maintain growth momentum with total DPK increasing to IDR 64.08 trillion, up from IDR 63.63 trillion in the previous year. The Current Account Saving Account (CASA) ratio was maintained at 43.70%, which reflects the strategy of optimizing low-cost funds to support cost of fund (Cost of Fund) efficiency.

The company's liquidity condition remains at a healthy level with a Loan to Deposit Ratio (LDR) of 82.99%, ensuring that Bank DKI has sufficient flexibility in credit expansion without sacrificing liquidity stability.

2025 Outlook: Focus on Sustainable Growth and Digital Innovation

Bank DKI continues to develop a business strategy oriented towards sustainable growth, with a focus on digitalization, operational efficiency and innovative product development.

"We have taken strategic steps throughout 2024 to strengthen business fundamentals, and this will be the foundation for more aggressive growth in 2025. Service innovation, business ecosystem expansion, and increasing operational efficiency will be our priorities to accelerate Bank DKI's business acceleration," added Bank DKI Director of Finance & Strategy, Romy Wijayanto.

Until the end of 2024, Bank DKI managed to record a net profit of IDR 779 billion, reflecting solid financial performance and great potential to continue to grow in the years to come.

With increasingly strong fundamentals and a focused strategy, Bank DKI is optimistic that it can continue to grow as a healthy, innovative and highly competitive bank, ready to face challenges and take advantage of opportunities in 2025 and beyond.