Performance Improves, Bank DKI Strengthens Business Fundamentals
Jakarta, October 27 2021Published: 27 October 2021
Financial Performance September 2021
In the midst of the ongoing economic recovery, Bank DKI was able to record positive performance growth, this was marked by credit disbursement growth of 11.8% (YoY) from IDR 32.8 trillion as of September 2020 to IDR 36.7 trillion as of September 2021. This was conveyed by the President Director of Bank DKI, Fidri Arnaldy in a written statement in Jakarta, (28/10).
This growth was mainly supported by credit growth in the MSME segment which recorded growth of 31.4% year-on-year (yoy), to IDR 2.0 trillion in the third quarter of 2021. This was followed by the commercial and corporate segment which recorded an increase of 13.3% (YoY) to IDR 17.9 trillion and the consumer segment which grew 8.3% to IDR 16.7 trillion until the third quarter of 2021.
The growth in credit distribution was also supported by improvements in Bank DKI's asset quality, which was marked by a decrease in the non-performing loan (NPL) ratio, recorded at 2.93% in the September 2021 period or an improvement compared to the September 2020 period of 3.49%. "A number of efforts to improve the non-performing credit ratio have shown good results," added Fidri. However, Bank DKI remains alert to the various impacts that the implementation of PPKM will have on the business world.
In terms of collecting Third Party Funds (DPK), Bank DKI's performance also experienced growth of 7.2% (yoy) to IDR 47.1 trillion until the third quarter of 2021. This growth in DPK has led to an increase in the ratio of low-cost funds (CASA) to Bank DKI's total DPK to 42.3% as of September 2021 from the previous 39.26% as of September 2020. This linearly influences the improvement in the efficiency level of Bank DKI's cost of funds or cost of funds. from 4.68% as of September 2020 to 3.29% as of September 2021.
In line with the various performance growths recorded, Bank DKI's Operating Income before Provisions (PPOP) also experienced solid growth of 56.5% (yoy) which was achieved with a strong low-cost funding structure. This PPOP growth was mainly supported by the growth in net interest income which was recorded at 25.0% (yoy) and an increase in non-interest operating income of 16.4% (yoy) until the end of the third quarter of 2021. The Bank's net profit achievement DKI also recorded positive performance of IDR 564 billion or growth of 40.5% as of September 2021 compared to the previous period of IDR 401 billion.
Strengthen Business Fundamentals with the 5.0 Transformation Program
Apart from achieving financial performance, Bank DKI also won a number of awards, including the Indonesia Top Bank Awards in the BUKU III Bank category held by The Iconomics on 14 September 2021 as well as the award for Best BUMD in the TOP of the TOP BUMD 2021 category and TOP #BPD – 5 Star at the 2021 TOP BUMD Awards held by Top Business magazine on 10 September 2021.
"The number of awards won is certainly a driving force for Bank DKI to continue to innovate in the future," added Fidri. Currently, Bank DKI has started a series of Transformation 5.0 series, including improving funding structures, business processes, and developing existing products. "This is a manifestation of Bank DKI's efforts to continue to fulfill the aspirations of shareholders and all stakeholders as well as increase capability and competitiveness to anticipate the dynamics of changes that continue to occur. Bank DKI, Ahead of the curve," concluded Fidri.