JAKARTA - PT Bank BTPN Syariah Tbk (BTPS) saw a decline in third-party funds (DPK) by 5% year-on-year (yoy) to IDR 11.76 trillion in June 2024 from IDR 12.38 trillion seen in June 2023.

Fachmy Ahmad, Director of BTPS, said that the company is prioritising current account and saving account (CASA) instead of demand deposits (giro) in accumulating DPK.

“This is due to the company’s strategy to put aside deposits rather than CASA. Thus, DPK saw a slight decrease,” Ahmad said during Public Expose Live 2024 of BTPS via Zoom, Tuesday (27/8).

Furthermore, BPTS recorded 11% yoy growth in allowance for impairment losses to IDR 929 billion from IDR 835 billion in June 2023. In order to lower this post, Ahmad said that the company will be more selective in user acquisition. “For users with moral hazard potential, we will set up collection team,” he added.

In the first half (H1) of 2024, the issuer reported 6% yoy growth in cash and liquid assets to IDR 9.58 trillion from IDR 8.23 trillion in H1 2023. Total liabilities also slipped 4% yoy to IDR 12.23 trillion from IDR 12.81 trillion.

Meanwhile, total equity grew 4% yoy to IDR 8.78 trillion from IDR 8.44 trillion, and total assets were corrected 1% yoy to IDR 21.02 trillion from IDR 21.25 trillion. (LK/ZH)