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Second Quarter of 2023, MNC Bank’s Performance Delivers Sustainable Growth

7 September 2023

Jakarta, 7 September 2023 – PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, a subsidiary of PT MNC Kapital Indonesia Tbk (IDX: BCAP) which is under the auspices of MNC Group (IDX: BHIT) recorded a sustainable growth in the second quarter of 2023 with 13.89% year-on-year (yoy) profit hike to Rp39.49 billion compared to the second quarter of 2022 of Rp34.67 billion.

The achievement stems from several performance indicators of MNC Bank that successfully strengthened. Upholding the principle of prudential banking, MNC Bank’s lending rose by 8.80% on an annual basis from Rp9.68 trillion in the second quarter of 2022 to Rp10.53 trillion in the second quarter of 2023. This growth surpasses the average national lending growth of 7.76%. The productive lending performance was also accompanied by its quality improvement, as evidenced by the net non performing loan (NPL) ratio in the second quarter of 2023 of 2.20%, showing a better figure compared to 2.66% in the second quarter of 2022.

Furthermore, MNC Bank has successfully collected Rp12.31 trillion in Third Party Funds (TPF) until the end of June 2023, marking a 2.80% yoy jump, compared to the same period last year of Rp11.98 trillion. The composition of MNC Bank’s TPF in the second quarter of 2023 was primarily driven by a 20.93% yoy increase in savings to Rp2.05 trillion and a 1.98% yoy increase in time deposits to Rp9.16 trillion. Those performance growth factors succeeded in elevating MNC Bank’s total assets to Rp16.86 trillion, which climbed 14.18% yoy from Rp14.76 trillion in June 2022.