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BNI records credit growth of 7% in first quarter of 2022
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(Courtesy of BNI)
T
he government’s success in controlling COVID-19 cases is signaling an economic rebound in several sectors. It is also evident that other various aspects of life are gradually experiencing a recovery.
PT. Bank Negara Indonesia (Persero) Tbk., is also optimistic, recording a good performance in credit growth ranging from 6-7 percent year on year (yoy) in the first three months of this year. This growth correlates with the start of economic activities in a number of segments.
"Overall, in the first quarter of 2022, we are optimistic that credit growth will experience a positive trend of 6 to 7 percent," said BNI finance director Novita Widya Anggraini.
According to Novita, credit growth in the first quarter of this year is believed to be higher than at the end of 2021, which increased by 5.4 percent yoy. This means that there is an improving trend in demand and credit distribution at BNI.
"The increase of around 6 to 7 percent was contributed by various industrial sectors, including the manufacturing sector, the construction sector, as well as the recovery in trade and transportation sectors due to the relaxation of government policies related to COVID-19," said Novita.
Improvements are also reflected in BNI's credit restructuring, which is seeing a significant decline. As of March 2022, the remaining credit provided by the stimulus is Rp 69.63 trillion. This decreased by Rp 2.5 trillion from the position at the end of 2021 which was Rp 72.13 trillion
BNI corporate secretary Mucharom added that BNI not only recorded positive growth, but also improved credit quality, as proven by the reduction in credit restructuring.
“Affected businesses are gaining back their confidence in their business performance prospects, so they can make installments like before the pandemic,'' he said.
The expansion carried out by BNI during the economic recovery period is displaying noticeable progress, thus lowering the ratio of non-performing loans (NPL). Last year, the company reported a decline in NPL of 60 basis points (bps) to 3.7 percent compared with 2020, when it was 4.3 percent. On the other hand, the NPL as of March 2022 rose again to 3.46 percent.
