BBNI - Scores IDR19.81 tn in net profit

BBNI - Scores IDR19.81 tn in net profit Bank Negara Indonesia (BBNI) achieved a net profit of IDR19.81 tn as of November 2024, an increase of 4.04% compared to the same period last year. The net profit was supported by lending which grew 10.96% to IDR739.53 tn. Interest income also recorded an increase of 5.28% to IDR58.80 tn. However, the increase in interest expense by 23.30% to IDR23.19 tn made net interest income (NII) decrease by 3.87% to IDR35.61 tn. In terms of third-party funds (DPK), BNI was able to experience a growth of 6.96% to IDR783.78 tn. One of the main factors for this growth was the low-cost fund instrument (current account saving account/CASA) which climbed 11.08% to IDR559.36 tn. On an annual basis, CASA strengthened to 71.37% from 68.73%. In detail, funds in current accounts surged 12.95% to IDR316.32 tn. Meanwhile, savings instruments shot up 8.75% to IDR243.03 tn. On the other hand, deposits only experienced a slight growth of 2.02% to IDR224.42 tn. (Source : Idn Financials).