JAKARTA. PT Bank OCBC NISP Tbk (NISP) recorded net profit of IDR 2.4 trillion in the first half (H1) of 2024, increasing 16% year-on-year (yoy) or from the same period last year.

Parwati Surjaudaja, President Director of NISP, mentioned that said achievement will be sustained along with the implementation of prudence in conducting business.

“Amidst the current economic challenge as of now, the bank’s performance has continued to improve,” Surjaudaja added in the official statement.

NISP’s net profit growth in H1 2024 was also driven by credit distribution that reached IDR 162.5 trillion in H1 2024. Credit distribution in H1 2024 increased 14% yoy from IDR 142 trillion seen in the same period last year.

In the meantime, users’ savings recorded by NISP clocked up to IDR 198.6 trillion in H1 2024, up 11% yoy from IDR 178.3 trillion seen in the same period last year.

NISP’s credit growth was then followed by non-performing loan (NPL) ratio that was deemed quite safe at 2%. Meanwhile, its loan-at-risk (LAR) ratio was at 5.8%.

It is worth mentioning that NISP is a company listed as a constituent of Indeks Tempo-IDNFinancials 52 (Indeks52). After the annual evaluation of Indeks52 last Friday (26/7), NISP is revealed to be listed under Main Index, High Growth, and Big Market Cap categories. (KR/ZH)