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Coal Average Selling Price Increase BBRI scored a brilliant net profit growth of +17.5% YoY to IDR 60.100 T (FY22: IDR 51.170 T, QoQ +10.5%). This figure was supported by an increasing Net Interest Income (NII) in FY23 to IDR 135.183 T (FY22: IDR 124.597 T, YoY +8.5% & QoQ –4.7%). BBRI’s NIM level is still the largest among KBMI IV, at 7.95% in FY23 (+10 Bps YoY). The only problem for BBRI is coming from its high-interest expense (due to the high interest rate era), which rose 60.6% YoY to IDR 43.813 T (FY22: IDR 27.278 T). However, this condition did not prevent BBRI from scoring a solid performance as the result of the strategy to shift the target of micro products, from previously focused on KUR to focused more on Kupedes, has managed to increase BBRI’s Loan Yield. Aside from the focus on Kupedes, the Ultra Micro segment (PNM & Pegadaian) and efficiency also played a role in scoring BBRI’s optimal performance amid a challenging year. Asset Growth BBRI scored a brilliant net profit growth of +17.5% YoY to IDR 60.100 T (FY22: IDR 51.170 T, QoQ +10.5%). This figure was supported by an increasing Net Interest Income (NII) in FY23 to IDR 135.183 T (FY22: IDR 124.597 T, YoY +8.5% & QoQ –4.7%). |
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