Not Playing, Bank BTPN’s Net Profit Starts to Increase

PT Bank BTPN Tbk has been producing quality service and quality since a few months ago. So they managed to increase net profit by 47% in the first quarter of 2021. This was recorded as being more advanced than the previous period.

The President Director of Bank BTPN, Ongki Wanadjati Dana explained that this achievement must be grateful for and if possible continue to be developed.
“This result is one of our best strategies to develop business expansion. We also continue to work hard to fight the COVID-19 pandemic so that the company’s balance sheet remains stable,” said Ongki as quoted from the IND Times.

“We also believe that in the future the world economic sector will recover soon. Because now millions of people around the world have flocked to vaccinate. And it is a good spike for mutual progress,” he said.

Profit Increase Note
The maximum results carried out by Bank BTPN in the first quarter of 2021 can be viewed from various other indicators. One of them is the note of an increase in interest.
The Bank explained that the profit earned for the past 6 months has grown by 4% Year Over Year (YOY). Where the previous period that has been generated is Rp 5.37 trillion. Meanwhile, currently it is Rp 5.59 trillion.

“This result is a support for interest expense of 40% YOY of Rp 1.88 Trillion. The increase is in line with Bank Indonesia’s reference to the specified interest rate,” said Ongki.
CASA Upgrade

Meanwhile, the increase in the ratio and the balance of the Current Account Saving Account (CASA) also increased with a total of IDR 28.29 Trillion since the end of June 2021. It is known that the ratio jumped by 4% YOY (IDR 27.23 Trillion). Meanwhile, Time Deposit decreased by 8% YOY to Rp 68.36 Trillion.

In this way, Bank BTPN’s CASA balance managed to reach 29.3% at the end of June 2021. Meanwhile, the Bank’s overall third party budget decreased by 5% YOY from IDR 101.40 Trillion to IDR 96.64 Trillion.

“The potential for this reduction is the allocation of funds channeled to facilitate the need for collateral to savings and loans. During the pandemic, we recorded an instability of 10% YOY to Rp 135.57 Trillion,” said Ongki.

Operating Income Growth
Not enough to stop there, Bank BTPN also generates other operating income growth. Based on the report, the increase grew by 5% YOY from IDR 913 Billion to IDR 960 Billion.
Factors in this growth are based on the efficiency of business operations and the increase in fee income. So that the entire operating budget is not much different from what was obtained a few years ago.

On the other hand, Bank BTPN also received an increase of Rp 1.64 trillion after making tax attributions to owners of the parent entity. Last year, the figure was only recorded at Rp 1.123 trillion.
The Bank also continues to improve the quality and service to customers and clients. It is believed that the Bank’s funding and liquidity ratios are still at the standard level. With the latest record, the resulting Liquidity Coverage Ratio (LCR) is 237.8% as of June 30, 2021.

The value of this growth is not only based on customer activities in general. But some of them are slot gambling players to trusted soccer agents. So do not be surprised if the development of Bank BTPN’s profit does not continue to decline.