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Coal Average Selling Price Increase In FY23, BBNI posted an increase in Net Profit of IDR 20.909 T (FY22L IDR 18.312 T; +15.1% YoY). As for BBNI’s Net Interest Income (NII) remain stable on a year-on-year basis at IDR 41.136 T (FY22: IDR 41.321 T, -0.11% YoY). The NII was quite stuck, as although Interest Income increased +12.5% YoY to IDR 61.472T (FY22: IDR 54.659T), Interest Expense increased considerably by 51.4% YoY to IDR 20.196T (FY22: IDR 13.338T) due to the era of high interest rates and also evident from the rising trend of BBNI’s CoF on a quarterly basis. Operating Expenses were relatively stable (+2.7% YoY), as well as PPOP which remained at IDR 34.970T (FY22: IDR 34.414T; +1.6%). What boosted BBRI’s Net Profit was the decrease in provisioning costs due to BBNI’s improved asset quality where provisions decreased by – 20.1% YoY to IDR 9.196T (FY22: IDR 11.514T). Asset Growth In FY23, BBNI posted an increase in Net Profit of IDR 20.909 T (FY22L IDR 18.312 T; +15.1% YoY). As for BBNI’s Net Interest Income (NII) remain stable on a year-on-year basis at IDR 41.136 T (FY22: IDR 41.321 T, -0.11% YoY). |
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