On 20th October 2016, BNI Syariah announced its 3Q16 financial report at the company’s head office in Jakarta. BNI Syariah posted robust growth during the third quarter of 2016 having experienced a 37.42% year-on-year (y-o-y) increase. Senior-level management members including President Director of BNI Syariah Mr Imam Teguh Saptono, Mr Kukuh Rahardjo as Director of Consumer Business, Ms Tribuana Tunggadewi as Director of Risk Management and Compliance as well as Director of Operations, Mr Junaidi Hisom attended the event. As a leading shariah-compliant banking institution renowned for its steady financial foundation, BNI Syariah’s latest financial report thus stands as testament to its industry standing.
Through the introduction of innovative products and services, BNI Syariah has successfully demonstrated its ability to overcome the challenges of the global economic slowdown. As such, the company’s net profit in 3Q16 reached 215.23 billion IDR; this increase was largely contributed by expansion financing and improved operational efficiency. Moreover, the company experienced y-o-y asset growth of 17.88% amounting to 26.82 trillion IDR from 22.75 trillion IDR in the previous year. BNI Syariah credits its loan growth of 15.09% as well as growth in financing of 20.26% in driving the upward tick of the company’s 3Q16 assets.
Mr Imam Teguh Saptono also announced BNI Syariah’s financing portfolio of 19.53 trillion IDR in addition to its 3Q16 non-performing loan ratio of 3.03% which is below the industry average for shariah banks. The company’s financing portfolio comprised of consumer financing at 53.46% (with 85.51% directed to Griya iB Hasanah loans), commercial financing at 16.20%, and micro-financing at 5.85% while the Hasanah Card contributed 1.93%. Among the other accomplishments in 3Q16 also include upward ticks in third party funds – amounting to 22.77 trillion IDR as of September 2016 – and a CASA ratio that increased to 47.42% y-o-y. BNI Syariah’s BOPO composition decreased to 86.28% y-o-y due to the company’s adeptness in carrying out efficiency measures across wide-ranging divisions.
BNI Syariah’s 3Q16 financial performance showcases the company’s capacity to spearhead the future growth of shariah banking in Indonesia. Through its diverse products and services coupled with the company’s upper-hand in maximising its business operations, BNI Syariah is well-positioned to sustain its upward trajectory amidst the economic slowdown.
For further information regarding the latest developments at BNI Syariah, please visit its corporate website.