Meanwhile, weak loan demand amid the pandemic also contributed to the decline. Bank Permata saw its net profit slump by 52%, but its pre-provision operating profit grew by 23.7%. Although its operating income went up slightly, its net profit plummeted by 79%. For instance, the provisions BNI made grew by 156% in 2020. The sharp decline in net profit was largely due to more provisions, as the aggregate pre-provision operating profit of these seven banks only went down by 4% in 2020. Bank Permata has officially become a BUKU IV bank in January 2021, as the integration with Bangkok Bank’s branches in Indonesia boosted its capital. These eight BUKU IV banks accounted for 64% of the total assets of commercial banks in the country. The BUKU IV category includes banks with core capital of more than IDR 30 trillion ($2.1 billion). Panin Bank, the other BUKU IV bank, saw its net profit fell by 3.1% year-on-year (YoY) in the first nine months of 2020.Ĭommercial banks in Indonesia are divided into four categories, depending on the amount of the banks’ core capital. These BUKU IV banks, or the top banks by core capital include Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), Bank Mandiri, Bank Negara Indonesia (BNI), Bank CIMB Niaga, Bank Danamon and Bank Permata. ![]() The seven BUKU IV (Commercial Bank Business Activity IV) banks in Indonesia reported a 39% drop in aggregate net profit from IDR 115 trillion ($8.1 billion) in 2019 to IDR 70 trillion ($4.8 billion) in 2020.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |