Coal Average Selling Price Increase

BBRI posted a 1Q23 Net Profit of IDR 15.564 T, an increase of 27.4% YoY (1Q22: IDR 12.167 T) and +29% QoQ (4Q22: IDR 12.014 T). This brilliant performance was supported by NIM, which increased by 10 Bps to 7.82% YoY this quarter. The increase in Net Profit was supported by growth in Net Interest Income (NII) of +16.7% QoQ (1Q22: IDR 30,407 T) and + 7.8% YoY (4Q22: IDR 28,090 T) to IDR 32,779 T. Moreover, PPOP also increased by +26.5% QoQ (1Q22: IDR 22,794 T) and +7.8% YoY (4Q22: IDR 18,883 T) to IDR 25,153 T, where BBRI quite successfully carried out cost and performance efficiency through digitalization and optimization with BBRI’s existing ecosystem.

Asset Growth

BBRI posted a 1Q23 Net Profit of IDR 15.564 T, an increase of 27.4% YoY (1Q22: IDR 12.167 T) and +29% QoQ (4Q22: IDR 12.014 T). This brilliant performance was supported by NIM, which increased by 10 Bps to 7.82% YoY this quarter.

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