JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) posted revenue growth throughout 2024 from 2023. The company's revenue and net profit increased by 4.1% and 0.36%, respectively.

From the 2024 Financial Report published on Wednesday (12/2), the issuer's revenue was IDR 145.3 trillion in 2024, up from IDR 139.56 trillion in 2023. This growth was driven by a 9.96% increase in interest income, reaching IDR199.26 trillion from IDR181.21 trillion. Meanwhile, interest expenses reached IDR57.2 trillion, up from IDR43.81 trillion in the previous period.

This issuer scored a consolidated net profit of IDR 60.64 trillion in 2024, up from the 2023 period of IDR 60.42 trillion. If you look in more detail, bank-only profit was recorded at IDR 54.84 trillion, up from the previous year of IDR 53.15 trillion.

In the 2024 period, BBRI recorded outstanding loans of IDR 1,354.64 trillion, with 81.9% or IDR 1,110.37 trillion distributed to the Micro, Small and Medium Enterprises (MSME) sector.

On the other hand, BBRI's low-cost funds (CASA) ratio remained strong at 67.3%, with total third-party funds (DPK) including savings, current accounts, and deposits of IDR1,365.45 trillion. With this performance, BBRI's total assets in 2024 will increase to IDR1,992.98 trillion, up from IDR1,965 trillion in the previous year. In terms of asset quality, BRI's non-performing loan ratio (NPL) was at 2.78%, remaining under control with an NPL coverage level of 215.01%. (EF/LK/LM)