JAKARTA - PT Bank OCBC NISP Tbk (NISP) posted solid financial performance in 2024, with net profit growth of 19% year-on-year (yoy) to reach IDR 4.9 trillion.

The growth in net profit was driven by net interest income, which rose by 11% yoy to IDR 11.05 trillion. In addition, the provision for impairment losses (CKPN) expense on financial assets also dropped significantly by 87% yoy to IDR 151 billion.

Parwati Surjaudaja, President Director of NISP, said the company's performance throughout 2024 was quite resilient as it was able to book double-digit net profit growth. ‘This shows customers‘ trust in the bank, and the bank's resilience in facing global and domestic economic challenges,’ said Surjaudaja, through an official statement received by IDN Financials.

Throughout 2024, NISP collected IDR 205.93 trillion in third-party funds (DPK). This figure increased by 13% yoy or compared to the previous year which only reached IDR 181.76 trillion.

The growth in third party funds helped boost NISP's total assets by 13% yoy, to IDR 281 trillion.

NISP also maintained its asset quality throughout 2024, with a stable Gross Non-Performing Loan (NPL) ratio at 1.6%, Net NPL at 0.6%, and Loan At Risk (LAR) at 4.8%. (KR/LM)