4/11/2023. PT Bank Negara Indonesia (Persero) Tbk, or BNI, is expected to increase its profit by 15.1% year on year (YoY) until September 2023, reaching IDR 15.8 trillion.
The profit growth was partly driven by BNI's lending which grew 7.8% YoY to IDR 671.4 trillion in September 2023.
This certainly boosted the confidence of the company's shareholders where the average daily trading volume or daily turnover of BBNI in October 2023 reached IDR 271 billion or 18% higher than the average daily turnover of the same period last year which was recorded at IDR 230 billion.
It is known that on October 27, 2023, BBNI closed at IDR 4,850 per share, so that BBNI's market capitalization value has reached IDR 181 trillion. The strengthening of the company's share price was obtained due to the positive sentiment of the implementation of a stock split with a ratio of 1: 2 on October 6, 2023. The stock split corporate action has proven to be able to expand the investor base.
Member of Commission XI DPR RI Vera Febyanthy assessed that the corporate action was in line with BNI's positive performance.
"Previously, BNI had conducted a stock split with a ratio of 1: 2 which made BBNI shares more affordable for investors, especially retail. Then then BNI's profit in the third quarter also grew well. It is hoped that investors' interest in BBNI shares will increase thanks to this interesting BNI performance milestone,” said Vera.
She also expects that BNI’s performance to consistently grow healthily with a record of increasing net profit while maintaining asset quality.