On 8th February 2017, BNI Syariah announced its financial performance for the 2016 year at a special event held at the JS Luwansa Hotel in Jakarta. The event also coincided with the celebration of the bank’s establishment of three new regional offices for the West Java, East Java, and Greater Jakarta regions — these offices will thus serve as a hub for its shariah channelling outlets.
Present at the event included President Director of BNI Syariah Mr Imam Teguh Saptono, Mr Kukuh Rahardjo as Director of Consumer Business; Mr Junaidi Hisom as Director of Operations; Ms Tribuana Tunggadewi as Senior Executive Vice President of Risk and Compliance; and Ms Dhias Widhiyati as Senior Executive Vice President of Commercial Business. Mr Saptono sought to present BNI Syariah’s positive financial performance in 2016 by posting a net income of 277.38 billion IDR; a 21.38% increase from 2015. The increase in profits was attributed to the bank’s business development services that included products and services.
Mr Saptono also announced BNI Syariah’s financing portfolio of 20.49 trillion IDR — an increase of 15.35%— in addition to a non-performing loan ratio of under 3% which is below the industry average for shariah banks. BNI Syariah’s BOPO composition decreased to 87.67% by end of 2016 due to the company’s adeptness in carrying out efficiency measures across wide-ranging divisions. The bank’s financing portfolio consisted of consumer financing at 10.92 trillion IDR (53.26%), retail financing products at 4.61 trillion IDR (22.48%), and commercial finance at 3.40 trillion IDR (16.59%) while micro-financing contributed to 1.20 trillion IDR (5.88%) and the Hasanah Card at 367.60 billion IDR (1.79%).
Among the other accomplishments also include an increase in third party funds which amounted to 24.23 trillion from deposits and saving accounts. Moreover, BNI Syariah recorded an increase of 23.01% in assets from 2015 reaching 28.3 trillion IDR.
BNI Syariah’s financial performance for the 2016 financial year demonstrates the bank’s capacity to consistently spur annual growth. Through its diverse products and services coupled with its ‘Hasanah Lifestyle Bank’ concept, BNI Syariah is well-positioned to developing a sustainable shariah banking system in Indonesia to accommodate to individual, consumer and corporate markets.
For further information regarding the latest developments at BNI Syariah, please visit its corporate website.