JAKARTA - PT Bank MNC Internasional Tbk (BABP) profit was corrected by 3.93% to IDR 74.85 billion in 2024 from IDR 77.91 billion in 2023, in line with the decline in net interest income. However, the issuer's income is still the largest contributor to the income of its parent company, PT MNC Kapital Indonesia Tbk (BCAP).

Citing the 2024 Financial Report on Wednesday (2/4), Rita Montagna, President Director of BABP said that interest income rose 6.39% to IDR1.39 trillion from IDR1.31 trillion. Contributors to the revenue were the Interest segment (IDR1.34 trillion), up from IDR1.25 trillion, and loan fees and commissions (IDR51.49 billion), down from IDR59.02 billion. Meanwhile, net interest income fell 13.92% to IDR520.49 billion from IDR604.71 billion due to an increase in interest expenses.

The company's operating profit fell 27.96% to IDR75.64 billion from IDR105.01 billion. However, net non-operating income rose 10.51% to IDR18.15 billion from IDR16.42 billion thanks to a significant 132.04% increase in non-operating income in the rental yield segment.

BBAP's revenue contributed 45.3% to BCAP's total revenue of IDR3.32 trillion by 2024. Other contributors were MNC Life 20.7%, MNC Insurance 9.5%, MNC Finance 7.8%, MNC Sekuritas 7.7%, MNC Leasing 5.1%, MNC Teknologi Nusantara 1.5%, FM Digital Solution 0.9%, MNC Asset Management 0.5%, and Others 0.9%. (LK/LM)