JAKARTA – A number of banking companies have submitted financial reports in the third quarter of 2020. Various banking also received mixed performance results amid the conditions of the Covid-19 pandemic.
Several banks have submitted financial reports for the third quarter of 2020, including Bank BTN, Bank Mandiri, Bank BNI, Bank BCA, Bank BRIsyariah, Bank BTPN and Bank Permata.
1. PT Bank Tabungan Negara (Persero) Tbk
The bank with the issuer code BBTN managed to book a net profit of Rp1.12 trillion in the third quarter of 2020. The net profit shot up 39.72% compared to the same period last year Rp801 billion.
BTN’s net income was supported by lower interest expenses and efficiency. BTN interest expense was recorded to have decreased by 3.49% to Rp11.95 trillion in the third quarter of 2020. The efficiency strategy carried out by BTN also reduced the Cost to Income Ratio (CIR) figure. In September 2020, BTN’s CIR fell 141 bps from 57.13% in September 2019 to 55.72%.
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BTN recorded that Third Party Funds (DPK) rose 18.66% from Rp230.35 trillion per quarter III-2019 to Rp273.33 trillion in the same period this year. The increase in TPF also pushed the Loan to Deposit Ratio (LDR) to a level of 93.26% in the third quarter of 2020.
2. PT Bank Mandiri (Persero) Tbk
The bank with the issuer code BMRI achieved a net profit of IDR 14.02 trillion in the third quarter of 2020 (July-September). The profit was 30.73% lower than the same period last year of IDR20.25 trillion.
Meanwhile, the decline in Bank Mandiri’s net profit was in line with the decline in operating income to Rp 62.97 trillion from Rp 64.96 trillion. In addition, the growth of the company’s consolidated third party funds (DPK) reached 14.92% on an annual basis, to Rp1,024.2 trillion, in which the composition of low-cost funds reached 61.9%.
Bank Mandiri was also able to maintain the company’s performance by achieving consolidated assets amounting to IDR1,407 trillion or an increase of 10.27%. The ratio of non-performing loans (NPL) was maintained in a gross manner at the level of 3.33%.
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This is to anticipate the potential for future economic uncertainty, the state-owned bank also builds reserves to ensure asset quality is maintained.
3. PT Bank Negara Indonesia (Persero) Tbk
The bank with the code of issuer BBNI achieved a net profit of IDR4.32 trillion by September 2020. The gain was down 63.9% compared to the same period last year of IDR11.97 trillion.
BNI’s net interest income is minus 0.8%. However, this situation was offset by a decrease in interest expense of 8%, so that the net interest margin (NIM) was maintained at the level of 4.3%, BNI’s coverage ratio until the third quarter of 2020 was at the level of 206.9 percent, higher. compared to the third quarter of 2019 which amounted to 159.2%.
In addition, BNI’s CASA was at the level of 65.4% with a cost of funds of 2.86% or an improvement of 30 bps compared to the same position last year of 3.24%. Meanwhile, BNI credit disbursement grew 4.2% to Rp582.4 trillion.
4. PT Bank Central Asia Tbk
The bank with the issuer code BBCA recorded a net profit for the third quarter of 2020 of Rp. 20.0 trillion or a decrease of 4.2% compared to Rp. 20.9 trillion in the previous year due to increased provision costs.
On the funding side, BCA managed to record solid performance in the first nine months of 2020. CASA grew 16.1% yoy to reach Rp596.6 trillion and generated total third party funds with a growth of 14.3% yoy to Rp780.7 trillion.
Meanwhile, time deposits increased by 8.8% yoy to Rp. 184.1 trillion. The solid growth in third party funds has supported the growth of BCA’s total assets to penetrate the level of one thousand trillion, or to be precise Rp1,003.6 trillion, an increase of 12.3% yoy.
5. PT Bank BRIsyariah Tbk
This bank with the issuer code BRIS recorded an impressive net profit growth in the third quarter of 2020 of 238 percent to IDR 190.5 billion compared to the third quarter of 2019. On the asset side, BRIsyariah was recorded at IDR 56 trillion in the third quarter of 2020, an increase of 51.40% compared to the third quarter of 2019.
Not only recorded profit growth, the Company’s low-cost financing and funds growth also experienced a significant increase. As of the third quarter of 2020, BRIsyariah has distributed financing of IDR 40 trillion, growing to reach 57.90% year-on-year (yoy). The significant growth in financing was supported by the Retail segment (SME, Micro and Consumer) to provide optimal returns.
On the third party funds (DPK) side, BRIsyariah recorded a growth of 72.7%. In raising funds, BRIsyariah focuses on increasing low-cost funds (CASA). In the third quarter of 2020, BRIsyariah was able to increase CASA by 135% yoy. The increase in CASA is intended so that BRIsyariah can control the cost of funds (Cost of Fund).
BRIsyariah microfinance distribution was recorded at IDR 10.9 trillion, growing by 185% year on year. KUR financing which entered the micro segment recorded positive growth. BRIsyariah KUR distribution in September 2020 has reached 95% of the total target in 2020.
6. PT Bank BTPN Tbk
This bank with the issuer code BTPN recorded an increase in CKPN costs by 84% to Rp1.95 trillion. In addition, net interest income decreased by 2% to Rp7.9 trillion with a decrease in yield in line with the decline in Bank Indonesia’s benchmark interest rate and credit restructuring. The increase in CKPN costs and pressure on the Bank’s net interest income caused the Bank’s net profit to fall by 21 percent to IDR 1.5 trillion during the January-September period this year compared to the same period last year.
The company also managed to record healthy credit growth and maintained good fundamentals at the end of the third quarter of 2020. During the third quarter, BTPN disbursed loans amounting to Rp148.8 trillion. Credit growth was mainly supported by the corporate segment, which increased 21% to Rp 89.3 trillion at the end of the third quarter of 2020.
In addition, Bank BTPN’s credit quality remains healthy, as reflected by the gross NPL which stood at 1.10% at the end of September 2020. This figure is still relatively low compared to the banking industry’s NPL which at the end of August 2020 was recorded at 3.22%. With the realization of lending and funding, the liquidity and funding ratios are at a healthy level, LCR (Liquidity Coverage Ratio) is at 246.45%, while NSFR (Net Stable Funding Ratio) is at 113.13% as of the position at the end of September 2020.
7. PT Bank Permata Tbk
The bank with the issuer code BNLI recorded a net profit of IDR 429.76 or a decrease of 60.67% from the acquisition in the same period last year of IDR 1.09 trillion. The decline in performance was due to the decrease in interest income by 2.59% to Rp 8.43 trillion compared to the same period last year of Rp8.65 trillion.
Bank Permata also recorded a growth in operating income before provision of Rp2.6 trillion or a growth of 20.4% year on year (yoy), supported by a very strong capital position and optimally maintained liquidity.
Meanwhile, the bank’s liquidity position was well maintained with an optimum liquidity ratio of 74.5% for the Loan-to-Deposit Ratio (LDR) in September 2020 and the CASA ratio (cheap funds, current account and saving account) of 50.8%. or an increase of 103 basis points compared to the same period last year.
Total public deposits (third party funds / TPF) grew by 11.1 percent yoy, the largest contribution to current account product growth at 18.3%, followed by savings and time deposits at 8.2% and 8.9% yoy, respectively.
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