JAKARTA - PT Allo Bank Indonesia Tbk (BBHI) is optimistic that its interest income will grow over 10% at the end of this year. In the first half of 2023, this digital bank collected net interest income of IDR 491.93 billion and profit of IDR 216.25 billion. 

Indra Utoyo, President Director of Allo Bank, confirmed that the projection of its revenue growth percentage is set to double digit this year. "In our first year, we aim to establish our capability first for the value creation. For our [revenue] contribution, we will push the digital lending," he told IDNFinancials in an interview at Allo Bank Head Office in Jakarta earlier today (1/9). 

According to Utoyo, the digital lending program is currently under progress to ensure the data security of its current and potential users.

In the first half of 2023, this issuer managed to rake in interest income of IDR 643.17 billion consisting of credits of IDR 512.83 billion, securities of IDR 112.36 billion, securities bought with intention of reselling worth IDR 8.81 billion, placement in Bank Indonesia of IDR 7.86 billion, and placement in other banks of IDR 1.31 billion.

For comparison, in June 2022, BBHI scored interest income of IDR 265.97 billion, net interest income of IDR 217.24 billion, and current year's net profit of IDR 150.62 billion. (LK/ZH)