JAKARTA – The profit of PT Bank Pan Indonesia/Panin Tbk (PNBN) was recorded at IDR 3.23 trillion in 2022, shifting up by 80.32% year-on-year (yoy) from IDR 1.81 trillion in 2021. This achievement was made possible through efficiency in interest expenses as well as assets depreciation expenses.

In the 2022 Financial Report quoted Friday (10/3), Bank Panin mentioned that the interest revenue arrived at IDR 13.90 trillion, slightly declining from IDR 14.34 trillion in 2021. However, the efficiency in the interest expenses allowed the net interest income to climb from IDR 9.55 trillion to IDR 9.94 trillion.

Other operating revenue also shrank from IDR 3.10 trillion to IDR 1.05 trillion, especially from the net gain of securities sales segment that showed massive growth from IDR 202.79 billion to IDR 1.28 trillion. Thanks to a significant decrease in expenses of assets depreciation, both financial and non-financial assets, PNBN booked 66.27% growth in its operating profit from IDR 2.44 trillion to IDR 4.07 trillion.

The distributed credit throughout 2022 was equal to IDR 123.26 trillion, increasing 8.80% yoy from IDR 113.29 trillion. Its savings were also seen increasing 5.79% yoy from IDR 134.06 trillion to IDR 141.84 trillion. (LK/ZH)