JAKARTA - PT Bank MNC Internasional Tbk (BABP) scored a net profit of IDR 21.83 billion in Q1 2023, skyrocketing 166.03% year-on-year (yoy) from IDR 8.21 billion seen in the same period in 2022.

In the press release quoted Monday (12/6), Rita Montagna, President Director of MNC Bank, revealed said profit growth is aligned with the increased interest revenue of 23.11% to IDR 318.79 billion from IDR 258.94 billion.

The net interest income was reported rising 3.56% yoy to IDR 150.70 billion from IDR 145.51 billion in Q1 2022. It resulted from the increased interest expenses of approximately 48.20% yoy to IDR 168 billion.

Until Q1 2023, the issuer channelled credits of IDR 10.04 trillion, shifting 13.26% yoy from IDR 8.86 trillion. The third-party funds clocked up to IDR 11.82 trillion, growing 13.39% yoy from IDR 10.43 trillion. Said funds were dominated by deposits of IDR 8.70 trillion, followed by current accounts of IDR 1 trillion and saving accounts of IDR 2.11 trillion. (LK/ZH)