12/12/2023. PT Bank Negara Indonesia (Persero) Tbk or BNI has proven hard work and leadership in crisis management, generating positive results proudly.
The company this time received 5 awards from Infobank in the Top 100 CEO & The Next 200 Leaders Forum 2023. The awards include Banker of the Year for BNI Chief Executive Officer Royke Tumilaar, The Next Leader for BNI Finance Director Novita Widya Anggraini, BNI Wholesale & International Banking Director Silvano Rumantir, BNI Digital Business SEVP Rian Eriana Kaslan, Corporate Transformation SEVPs BNI Hussein Paolo Kartadjoemena.
In his comment, BNI Corporate Secretary Okki Rushartomo stated that the award demonstrated the board of directors' leadership in coping with the corporate crisis.
"We appreciate these awards. They will encourage us to continue to provide the best service while also printing out leading figures of performance for the banking industry," he said.
Okki illustrated that, since the pandemic, BNI has taken the essential strategic actions to carry out fundamental reinforcement by continuing to execute the intermediation function through selective and measured expansion.
The company is still rolling out its transformation program, with numerous activities centered on reinforcing efforts, credit quality improvements, and risk management.
"We are also focusing on business, accelerating digital transformation, as well as strengthening subsidiaries. In the end, we are very proud that the transformation program that has been running over the last three years has delivered tangible benefits," said Okki.
Some of the achievements made by BNI include the increase in the Capital Adequacy Ratio from 16.8% in December 2020 to 21.9% in September 2023.
This high financial adequacy ratio gives a strong picture of BNI’s fundamental strength in anticipating potential economic upheavals in the future.
Furthermore, the portfolio shifted to top-tier customers as well as improved credit quality and risk management had an influence on the NPL ratio which was already at 2.3% in September 2023, compared to 4.3% in December 2020.
Loss exposure for NPLs has even reached 324.5% compared to 182.4% in December 2020.
Other accomplishments include a robust transaction-based third-party fund structure, fundamentally lower fund costs than pandemics, competitive digital services, and other improvements that assures BNI continues to demonstrate sustainable rise in ROE in the future.
"We also see the market appreciating this progress, which is reflected in the fairly good performance of BNI shares. Therefore, the expectation of future BNI stock valuation would rise further," said Okki.