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Coal Average Selling Price Increase As of 9M 2023, BBNI posted an increase in net profit to IDR 15.753T (9M22: IDR 13.692T; +15.1% YoY and +7.3% QoQ). The increase in Net Profit in this period was supported by a +3.1% increase in Net Interest Income (NII) to IDR 31.136T YoY (QoQ +3.3%), then PPOP by 1.6% to IDR 26.242T YoY (QoQ +3.4%). The downward trend in provisioning cost continued in this period, which on a quarterly basis decreased by – 24.8% YoY to IDR 6.710T in 9M23 (9M22: IDR 8.928T & QoQ: -6.9%, 2Q23 IDR 2.362T & 3Q23: IDR 2.199T). Moreover, NIM in this period YoY fell 12 Bps to 4.58% (1H22: 4.70%). Asset Growth As of 9M 2023, BBNI posted an increase in net profit to IDR 15.753T (9M22: IDR 13.692T; +15.1% YoY and +7.3% QoQ). The increase in Net Profit in this period was supported by a +3.1% increase in Net Interest Income (NII) to IDR 31.136T YoY (QoQ +3.3%), then PPOP by 1.6% to IDR 26.242T YoY (QoQ +3.4%). |
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