PORTALJABAR, BANDUNG CITY - Quarter II 2024, bank bjb recorded maintained performance with various achievements. The President Director of bank bjb, Yuddy Renaldi, revealed that the bank's business growth is getting better, with credit distribution being maintained and continuous efforts to strengthen the business through strengthening the synergy of the Bank Business Group (KUB).

Until the end of June 2024, bank bjb's performance in terms of assets grew by 16.6 percent year on year (YoY) or IDR 207.3 trillion, which took bank bjb one step closer to becoming the 10 largest banks in Indonesia.

Yuddy added that this healthy credit growth was achieved by stricter selection with a focus on segments that have higher yields to offset pressure on funding costs. This selective credit distribution helps bank bjb maintain the quality of its assets.

In terms of Third Party Funds (DPK), bank bjb succeeded in maintaining balance with credit distribution. Until the end of June 2024, bank bjb DPK was recorded at IDR 150.2 trillion, growing 16.4 percent yoy. "Our Loan to Deposit Ratio (LDR) remains optimal at the level of 86.2 percent," said Yuddy in a press release, Tuesday (30/7/2024).

Yuddy also revealed that bank bjb's performance in terms of credit and financing grew by 12.2 percent year on year (YoY) or IDR 136.1 trillion with bank bjb's non-performing loan (NPL) ratio remaining under control at level 1.5 percent with a coverage level reaching 105.8 percent. Meanwhile, the capital ratio (CAR) is at 17.2 percent, indicating strong capital resilience.

In terms of profitability, bank bjb recorded a profit of IDR 931 billion until the end of June 2024. "The profit achievement was accompanied by operational efficiency that we carried out," explained Yuddy, along with the staff in the second quarter 2024 earnings call, at the bank bjb T-Tower Building, Jakarta (30 /7).

bank bjb also continues to encourage fee-based income, which is one of the company's main focuses. "We are trying to explore the potential for fee-based income through various digital banking services and strategic partnerships," he added.

In an effort to increase efficiency, bank bjb implements technology in its operations. bank bjb develops technology-based services to increase effectiveness and efficiency, as well as reduce the risk of human error. The application of this technology also helps bank bjb in keeping operational costs under control.

Bank bjb's digital ecosystem continues to develop rapidly. Until June 2024, the number of DIGI Mobile application users reached 2.03 million users, an increase of 36.4 percent compared to the previous year.

"Customer preferences are increasingly shifting towards digital services, and we are ready to accommodate these needs with smart mobile banking features," explained Yuddy.

Apart from that, the number of merchants using bank bjb's QRIS also increased by 19.7 percent, reaching 1.15 million merchants by the end of June 2024. This growth shows that bank bjb's services are increasingly accepted by the wider community. (Firm)