Jakarta, CNBC Indonesia – The share price of BUKU IV banks or commercial bank groups with core capital of more than Rp 30 trillion has a varying trend to rise amidst sentiment on the independence of Bank Indonesia (BI) and predictions of net profit from Indonesian banks which will be eroded at the end of the year.
The following is the movement of BUKU IV bank shares, in early trading session I, at 09.40 WIB.
– PT Bank Danamon Indonesia Tbk (BDMN) Rp 2,330 / share, decreased 2.10%, year to date / ytd minus 41.01%
– PT Bank Pan Indonesia Tbk (PNBN) Rp 780 / share, decreased 0.64%, minus 41.57% ytd
– PT Bank Negara Indonesia Tbk (BBNI) IDR 4,740 / share, stagnant, minus 39.75%
– PT Bank Mandiri Tbk (BMRI) Rp 5,575 / share, stagnant, decreased 27.64%
– PT Bank CIMB Niaga Tbk (BNGA) Rp 775 / share, up 1.31%, ytd 20.21%
– PT Bank Central Asia Tbk (BBCA) Rp 28,450 / share, up 1.07%, ytd down 14.96%
– PT Bank Rakyat Indonesia Tbk (BBRI) Rp. 3,230 / share, up 0.62%, ytd minus 26.36%
Meanwhile, the Composite Stock Price Index (JCI) was still up 0.20% at the level of 5.069, with a note that 193 stocks rose, 168 stocks fell, and 155 shares were stagnant.
Last week, Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso estimated that by the end of the year national banks would experience a decline in profit or net profit of around 30-40% due to the absence of interest payments from debtors.
“If we do not do this well, the risk will be big banks will not be able to hold back the profit and loss for too long. Customers in the restructuring are smooth but banking revenue has dropped drastically. Earlier, Rp. 863 trillion was restructured. deposit interest is paid continuously, “said Wimboh in a webinar, Friday (18/6/2020).
“It is estimated that we have the potential to decrease bank profits by 30-40% by the end of this year. We hope that next year it will start again [membaik], “he explained.
According to Wimboh, this decline will only occur until the end of this year, because the restructuring has experienced a downward trend with the peak occurring in May and June 2020.
Although it is estimated that the restructuring value will reach 40% of the total bank debit balance or reach Rp 1,376.6 trillion.
Banking performance is expected to improve in 2022, although next year it is predicted that the performance of these banks will improve again.
OJK noted that until August 24, 2020, the value of bank credit restructuring reached IDR 863.62 trillion. This restructuring can take the form of a postponement of interest and principal payments or a haircut depending on the conditions of each debtor and the bank’s policies.
One other banking sentiment is the independence of BI where the government has drafted regulations that will delegate bank supervision back to BI from the OJK and the existence of the Monetary Board.
Previously, Sri Mulyani said, financial system reform was being studied. This study is prepared by considering current developments in the financial sector and a forward looking assessment, including reference to the results of periodic evaluation of crisis prevention and resolution simulations by the Financial System Stability Committee (KSSK).
“We do simulations in the context of the KSSK in identifying and seeing factors or things that can be identified in order to improve financial system stability,” Sri Mulyani said virtually, Friday (4/9/2020).
The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan also clearly stated that currently the financial system reform rules are being finalized. This financial system reform was introduced through a Perppu [Peraturan Pemerintah Pengganti Undang-undang].
Luhut said that the existence of this financial system reform started from the crisis that was hitting Indonesia from the health sector which could lead to the economic sector. The existence of imperfect rules can be dangerous.
“This we can see that indeed in a crisis situation there is an uncertainty in the legislation of the three BI institutions [Bank Indonesia], LPS [Lembaga Penjamin Simpanan] and OJK [Otoritas Jasa Keuangan], “he said.
“This is the President asking to see all of them. Without losing the independence of BI. What has been reported by the Monetary Board I make sure there is none.”
(bag bag)
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