23/12/2023. PT Bank Negara Indonesia (Persero) Tbk or BNI is optimistic that the company's performance in 2024 will be increasingly positive. Since its founding in 1946, BNI has been able to continue to grow and contribute to the national economy, marked by milestones and achievements recorded in history.
BNI President Director Royke Tumilaar said, seeing the positive economic growth momentum until the end of this year, he is optimistic that BNI's business can continue to grow according to the company's target until the end of 2023, and become more resilient in 2024.
"In the future, BNI will become increasingly resilient. We will continue to invest in high-quality growth to provide shareholders with the best long-term returns possible. With diverse initiatives for fundamentally increasing performance, the company's Return on Equity (ROE) can climb to a more favorable level," Royke said in BNI Chief Editor Gathering 2023 on Wednesday (20/19/2023)
Royke explained that consistent GNP performance has resulted in the company's highest market capitalization gain since 2020, from IDR 71 trillion to IDR 199 trillions by 2023, with an average growth rate of 71.8%.
Furthermore, despite this year's global economic upheaval, GNP was able to post a third-quarter performance in 2023, with a net profit growing 15.1% annually to IDR 15.8 trillion.
Then, credit growth averaged 7.8% per year to IDR 671.4 trillion, driven by expansion in both private and SOE blue chip corporate categories, consumer loans, and subsidiaries.
The asset quality has also continued to improve, as seen by the fall in the NPL ratio as of September 2023, which was at 2.3%, a 3.0% improvement over the same time previous year, and the LaR ratio increased from 19.3% in September 2022 to 14.4% in September 2023.
In addition to promoting more prudent and sustainable credit growth, BNI is also transforming into transaction bank by strengthening digital platforms and transaction ecosystems.
BNI is currently developing Super Apps to serve individual customers to make it easier to make transactions, investments, bill payments, and lifestyle.
"Then, we also continue to improve solid digital solutions for business banking that are integrated, efficient, secure, and fast," he added
In addition, Royke added, BNI is also renowned as the pioneer bank of Green Banking and the driver of Sustainable Finance in Indonesia, as well as contributing to the reduction of emissions in Indonesia.
"One of the efforts made by BNI is to carry out portfolio management especially for high-emission industries, implementing the Risk Acceptance Criteria (RAC) that incorporates ESG aspects," said Royke.