JAKARTA-PT Regional Development Bank of West Java and Banten, Tbk. (IDX: BJBR) recorded good performance growth amid global economic uncertainty and negative sentiment from the escalation of US and Chinese trade wars. Bank bjb in the third quarter of 2018 managed to record a net profit of Rp 1.3 trillion or grew by 25.4% year on year. The bank's total assets were recorded at Rp. 114.1 trillion.
"This is in line with the Indonesian Banking Statistics (SPI) released by the Financial Services Authority as of July 2018, where since the beginning of the year, the bank's net income level has continued to increase," said the bank's Finance Director, Bjb Nia Kania, while with the Board of Directors and Board of Commissioners Bank Bjb held the Third Quarter of 2018 Analyst Meeting took place at the Ritz Carlton Pacific Place Hotel, Jakarta, Thursday (10/25).
In another part of her presentation, Nia also explained, bank's net interest income managed to grow by 4.1% year on year. Whereas Fee Based Income managed to grow significantly by 23.2% year on year.
"On the funding side, with the bank's commitment to continuously improve services to the Indonesian people and supported by the development of good technology to facilitate customer transaction services quickly, the bank has managed to collect Third Party Funds (TPF) totaling Rp 89.5 trillion, followed by the success of bank bjb to increase the portion of low-cost funds or Current Account Savings Account (CASA) at 51.8%, "she said.
Bank BJB also managed to channel loans with a total credit of Rp 74.6 trillion. In connection with the loan distribution, the bank managed to maintain credit quality with Non-Performing Loans (NPLs) at 1.58%. It ratio is better than the OJK's record of banking industry NPLs at 2.74% as of August 2018.
"The bank cannot pay attention to various important indicators in financial ratios in order to be well maintained, where in addition to positive bank profitability, bank bjb also consistently manages to maintain the level of efficiency and asset quality," explained Nia.
Bank bjb notices that various important indicators in financial ratios are sufficient to be well maintained, in addition to positive bank profitability, bank bjb also consistently manages to maintain the level of efficiency and asset quality. This was explained by the Board of Directors and Board of Commissioners of the Bank BJB in the Third Quarter of 2018 Analyst Meeting event at the Glass House, Ritz Carlton Pacific Place Hotel, Jakarta together with all Directors, Board of Commissioners and invited guests who are market analysts. capital and other interested parties. Jo