4Q17 Performance Review
BBNI posted the interest income of IDR12.8 trillion (+8.0% y-y) and net interest income of IDR8.4 trillion (+3.8% y-y). The decline in loan yield and the stable cost of deposit were the potent drivers for the lagging growth BBNI experienced since 3Q17. It also posted the decline of 4.5% y-y into IDR3.5 trillion in net profit mainly attributable to the hike of 32% in provision cost.

SOEs Corporation Segment Posting Sluggish Growth in Credit
In 2017, BBNI posted the growth of 12.2% into IDR441.3 trillion in credit. The growth was higher than the growth posted by the banking industry, yet it was lower than the growth of 20.6% in 2016. The sluggish growth was mainly experienced by the state-owned enterprises (SOEs) corporation segment capable of only growing by 7.7% in 2017 as SOE’s focused on targeting the non-banking funding.

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