JAKARTA – PT Bank Negara Indonesia (Persero) Tbk (BBNI) reported high performance of its credit disbursement until the first half (H1) of 2024, reaching IDR 727 trillion or up 11% year-on-year (yoy), supported by two primary segments: corporate credit and consumer credit.

It is mentioned that BBNI’s corporate credit dominated its credit portfolio by up to 55% or IDR 403.1 trillion in the first half of 2024.

“This corporate credit consists of credits from SOE and private companies, and is a low-risk segment. We refer to this as top-tier segment,” added Novita Anggraini, Director of Finance of BBNI during Public Expose Live 2024 today (30/8).

However, the management decides to shift its focus more on MSME segment, which is deemed in need of credit quality improvement. “Although its portion only covered 11% of BNI’s credit portfolio, this slippage may still affect BNI’s business growth,” said Anggraini.

It is included as one of strategies of BNI to sharpen its business focus, which resulted in significant increase in consumer credit of up to 15.1% yoy to IDR 132.7 trillion. This achievement allows this segment to be the second strongest pillar of credit growth behind corporate credit.

“This segment is supported by housing ownership credit (KPR) and personal loan,” Anggraini continued. According to her, BNI has gained power in those industries, with market share of KPR and credit cards of BNI entering top 3 in Indonesia.

With this flourishing credit distribution rate in the first half (H1), the management is now gaining optimism in setting the new credit growth target, revising it from 9-11% to 10-12% in 2024.

“We project that the second half performance will be better from the first half, putting two factors in consideration: credit growth and manageable cost of fund,” said Anggraini. (ZH)