BBNI an impressive financial performance in FY21, highlighted by Net Income more than tripled to IDR 10.9 Tn and PPOP recorded at an all-time high of IDR 31.1 Tn (+14.8% YoY). Moreover, Cost of Funds managed to decrease significantly by 100 bps to 1.6%; with NIM improved to 4.7% (vs 4.5% in FY20). The company also entering the digital bank landscape, with the acquisition and planned transformation of Bank Mayora.
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