REPUBLIKA.CO.ID, JAKARTA -- The Indonesian banking industry still recorded good performance in the early 2021 amid the Covid-19 pandemic throughout the country.

Bank Negara Indonesia (BNI) posted a net profit of Rp2.39 trillion in the first quarter (QI) of 2021. BNI also recorded a provision ratio at the level of 200.5 percent, higher than the position at the end of 2020 of 182.4 percent.

BNI Finance Director Novita Widya Anggraini said the state-owned bank's performance is now much better than before. It was recorded that the net profit before provision was IDR7.84 trillion.

In March 2020, the corporate's provision fund position was Rp7.4 trillion. "This means that this position is better than before the pandemic last year," said Novita during a virtual press conference, Monday (27/4).

Novita acknowledged that BNI is still very conservative in maintaining financial stability, which can be seen from the company's reserve funds. The goal of increasing this reserve ratio, said Novita, to keep the company's fundamentals stronger through the end of 2021.

BNI noted that third party funds (DPK) grew 8.1 percent to Rp639.0 trillion. The increase in DPK came from an increase in demand deposits and savings accounts, which grew by 13.1 percent and 12.9 percent, respectively.

President Director of BNI Royke Tumilaar explained that BNI ensures a healthy growth in deposits in order to maintain the net interest margin (NIM). In the first quarter of 2021, BNI posted a NIM from 4.5 percent at the end of 2020 to 4.9 percent.

This achievement was also followed by a loan growth of 2.2 percent, much better than the industry average in the first quarter of 2021. It was noted that the total credit disbursed by BNI reached Rp559.33 trillion.

The issuer on the Indonesia Stock Exchange coded BBNI shares realized non-interest income of Rp 3.19 trillion.

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