JAKARTA – Loan and financing distribution of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) reportedly grew 8.2% year-on-year (yoy) to IDR 1.35 quadrillion as of September (9M) 2024 from IDR 1.25 quadrillion in 9M 2023. Non-performing loan (NPL) also shrank below 3%.

Quoted from Financial Update of BRI today (4/11), the credit structure until Q3 2024 was dominated by micro credit segment of IDR 628.3 trillion, corporate credit of IDR 247.7 trillion, small enterprise credit of IDR 232.2 trillion, consumer loan of IDR 203.1 trillion, and medium enterprise of IDR 42 trillion.

For comparison, until Q3 2023, micro credit segment was reported receiving IDR 590.7 trillion, small enterprise credit IDR 229.8 trillion, corporate credit IDR 211.8 trillion, consumer loan IDR 184.6 trillion, and medium enterprise IDR 33.7 trillion.

Third-party funds also saw 4.1% year-on-year (yoy) increase to IDR 1.36 quadrillion in 9M 2024 from IDR 1.29 quadrillion in the same period in 2023. Current account savings account dominated 64.2% of the funds, then deposit accounts covered the rest. CASA also dominated 63.6% of total third-party funds, while the remainder came from deposit accounts.

Thankfully, this growth was accompanied by improvement of credit quality of BBRI in 9M 2024 compared to the same period last year. Consolidated NPL was recorded at 2.90%, much lower from 3.07% seen previously. (LK/ZH)