Saturday, 28 November 2020 | 00:13 WIB

BNI Syariah Obtains Net Profit Growth of 43.26 Percent in Q1 2019

BNI Syariah Obtains Net Profit Growth of 43.26 Percent in Q1 2019 (syariah)

JAKARTA NETRALNEWS COM - BNI Syariah recorded a positive performance at the beginning of 2019. This was indicated by the realization of net income until the first quarter of 2019 of Rp135 billion, up 43.26 percent on an annual basis or year on year (yoy) from the same period of 2018 Rp94.4 billion.

The increase in net income was driven by the rise in income after the profit sharing distribution rose 18.6 percent yoy to IDR 743 billion from the same period of 2018 Rp.626 billion.

In addition, net income until the first quarter of 2019 was also contributed by IDR 43 billion fee-based income with an increase of 41.74 percent yoy.

According to BNI Syariah's Managing Director Abdullah Firman Wibowo that profit growth is supported by expansion of financing supported by quality financing is still maintained. "On the other hand operational efficiency continues to improve," said Firman on Friday (4/26/2019).

Until the first quarter of 2019 BNI Syariah also recorded the realization of financing distribution of IDR 29.4 trillion or a growth of 23.9 percent yoy from the same period of 2018 of IDR 23.7 trillion.

Of the five financing sectors, namely commercial, SME, consumer, micro and hasanah cards until March 2019, almost all recorded double-digit growth. The highest financing growth was recorded by commercial financing 73.7 percent yoy to IDR 7.79 trillion from the same period of 2018 of IDR.4.9 trillion.

While the second highest financing is micro financing with a growth of 17.32 percent yoy to Rp1.5 trillion from the same period of 2018 Rp1.29 trillion. While the third highest financing is SME financing with the realization of Rp.5.5 trillion, up 13.04 percent yoy compared to the same period of 2018 Rp.4.9 trillion.

Double-digit financing increases, this is achieved by the realization of the gross non-performing financing ratio (NPF) maintained at 2.9 percent or down from the same period of 2018 3.18 percent.

BNI Syariah third party funds (DPK) until the first quarter of 2019 were recorded at Rp 38.4 trillion, up 16.7 percent yoy from the same period of 2018 Rp 32.9 trillion. 60 percent of these deposits are contributed by low-cost funds from savings and current accounts.

With the realization of this performance, BNI Syariah's total assets up to the first quarter of 2019 were Rp.44 trillion, up 14.16 percent yoy compared to the same period of 2018 Rp.38.5 trillion.

BNI Syariah also managed to maintain efficiency as indicated by the ratio of operating costs compared to operating income (BOPO) in March 2019 which was 82.9 percent improved compared to the same period in 2018 of 86.5 percent.

Until the end of 2019, BNI Syariah targeted net profit to rise 108.8 percent yoy. In addition, financing until the end of 2019 is targeted to increase 23.75 percent yoy. NPF until the end of 2019 is also targeted to improve from the final realization of 2018 by 2.93 percent.