JAKARTA, NNC - PT Bank Negara Indonesia (Persero) Tbk or BNI announced that in Q1/2018, the company recorded a net profit of IDR3.66 trillion or an increase of 13.3 percent year on year (yoy).
The net profit growth was supported by credit performance in Q1/2018 which grew 10.8 percent (yoy). "BNI recorded loan disbursement in the first quarter of 2018 amounting to IDR439.46 trillion," said BNI Finance Director Anggoro Eko Cahyo in Jakarta on Monday (4/23/2018).
He explained that the credit growth encourages growth of Net Interest Income (NII) of 9.5 percent. "BNI's profit was also contributed by NII growth of 18.5 percent," he said.
Through the credit distribution, Anggoro said, BBNI's net interest income in the first quarter of 2011 was IDR8.5 trillion. "BNI also managed to record Non-Interest Income of IDR2.65 trillion or an increase of 18.5 percent from the same period last year of IDR2.23 trillion," he explained.
Meanwhile, BNI's outstanding credit of IDR439.46 trillion in the first quarter of 2018 was contributed by Corporate Loans of IDR216.09 trillion, or grew 10.9 percent (yoy). Medium Segment Loans grew by 5.8 percent to IDR3.66 trillion.
The company is also able to collect third party funds (DPK) worth IDR492, 9 trillion or an increase of 10.8 percent. BNI increased its low cost of funding which was marked by the increase of CASA ratio to 62.4 percent.The company also managed to reduce cost of funds to 2.8 percent.