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Jakarta Post

BNI Syariah sees profit soar in first quarter, plans expansion

  • The Jakarta Post

Jakarta   /   Tue, June 2 2020   /  01:00 am
A BNI Syariah customer makes a transaction on an the ATM,(Kontan/Cheppy A. Muchlis)

BNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches. BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter of the year as the adverse impacts of the COVID-19 pandemic had yet to hit the bank’s bottom-line as of March, president director Abdullah Firman Wibowo said.  “However, we have anticipated its impacts in the next quarter, both on the business front as well as on the assets quality side. We hope these impacts can be minimized so that we can still make a profit,” he added during a livestreamed press briefing on Thursday.  The coronavirus outbreak is expected to ...