JAKARTA - PT Bank Danamon Tbk (BDMN) recorded a net profit of IDR 3.42 trillion in 2022, a 105.69% increase from 2021 profit of IDR 1.66 trillion.

As quoted from the 2022 Financial Report published on Thursday (16/2), Yasushi Itagaki, President Director of PT Bank Danamon Tbk (BDMN) said that interest income rose to IDR 14.12 trillion from IDR 13.47 trillion. This achievement was thanks to a reduction in interest expenses of around 18.19% from 2021.

Other operating income totaled IDR 3.93 trillion, down slightly from IDR 3.99 trillion, which was contributed by losses on derivative instruments.

Net operating income was IDR 4.59 trillion, almost doubling from IDR 2.41 trillion. The increase was due to the reduction in impairment losses, among others, in acceptance receivables, finance lease receivables, and consumer financing. (LK/LM)