JAKARTA – The net profit of PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA) declined up to 18.90% year-on-year (yoy) in 2023. In contrast, its revenue actually increased in 2023.

According to IDNFinancials data, SDRA scored net profit of IDR 697.86 billion in 2023, down from IDR 860.57 billion in 2022. Its interest income, however, rose 27.61% to IDR 3.71 trillion from IDR 2.91 trillion in 2022.

However, SDRA’s net interest in 2023 slipped to IDR 1.60 trillion from IDR 1.78 trillion in 2022. Its operating profit also suffered a shrinkage of 18.50% to IDR 907.28 billion from IDR 1.11 trillion in 2022.

SDRA scored users’ savings of IDR 31.18 trillion, growing 8.32% from IDR 28.79 trillion in 2022. The total credits disbursed by the company increased 9.68% yoy to IDR 43.27 trillion in 2023 from IDR 39.45 trillion in 2022. (LK/ZH)