JAKARTA. PT Krom Bank Indonesia Tbk (BBSI) booked net profit of IDR 107.13 billion within the first nine months (9M) of 2024, up 9.54% year-on-year (yoy) from the same period last year.

Anton Hermawan, President Director of BBSI, mentioned that the positive performance of the company until the end of Q3 2024 was supported by solid liquidity management and growth strategy.

“Focusing on digital innovation and relevant service solutions, Krom Bank is ready to increase its competitiveness and the trust of users and shareholders to further boost our position as the leading digital bank in Indonesia’s digital banking industry,” added Hermawan in the official statement.

In 9M 2024, third-party funds complied by BBSI reached IDR 2.22 trillion, skyrocketing 541% year-to-date (ytd) from IDR 347.5 billion recorded in December 2023.

The primary component of its third-party funds was deposit savings that reached IDR 1.92 trillion. Meanwhile, current and savings accounts were recorded at IDR 301.5 billion and IDR 6.7 billion, respectively.

In the meantime, BBSI recorded capital adequacy ratio (CAR) of 101.38% as of September 30, 2024. With this ratio, the company is optimistic about its capital structure that will be able to promote future business expansion, particularly the synergy with Kredivo as its ultimate beneficial owner of the shares.

“In the future, the company will continue to innovate in delivering various products and services relevant to its users,” added Hermawan. (KR/ZH)