The Financial Services Authority (OJK) extended the credit restructuring relaxation policy affected by Covid-19 until March 31 2024 for a number of sectors. Meanwhile, the three sectoral segments in question are all MSME segments, the accommodation and food and beverage provision sector and several industries that provide large employment opportunities, namely the textile and textile product (TPT) industry and the footwear industry. Related to this, PT Bank Negara Indonesia (Persero) Tbk. or BBNI assesses that OJK's steps have been good in supporting national economic growth.
Corporate Secretary of Bank Negara Indonesia (BNI), Okki Rushartomo explained that the performance of the company's intermediation function this year has been positive.
"The current positive growth in the performance of the BNI intermediation function is in line with management's strategy to grow healthily and sustainably. We also accompany each expansion step with a prudent risk management policy," explained Okki on Friday (2/12/2022).
Okki further explained, the trend of restructuring due to the Covid-19 pandemic, BNI until the third quarter of 2022 was recorded to have improved.
"BNI's credit restructuring trend due to the Covid-19 pandemic continues to experience an improving trend from IDR 78.8 trillion in September 2021 to IDR 59.5 trillion in September 2022 or 9.6 percent of the total September 2022 loan," concluded Okki.
Going forward, BNI explained that it would continue to carry out strategic initiatives that were right on target in maintaining credit quality and focusing on healthy credit expansion amidst the national economic recovery. Previously, BNI reported a net profit of IDR 13.7 trillion in the third quarter of 2022, or an increase of 76.8 percent on an annual basis (year-on-year/yoy).
Approaching the end of the OJK credit restructuring relaxation period, credit distribution was reported to have increased by 9.1 percent yoy to IDR 622.61 trillion on a consolidated basis.
Interestingly, although credit distribution was observed to increase, the gross NPL level was observed to have decreased by 77 basis points to 3.04 percent. while net NPL fell 33 basis points to 0.57 percent with CKPN for financial assets against productive assets dropping to 6.38 percent or IDR 39.72 trillion.
