Throughout 2021, Bank BJB (BJBR) Recorded Credit Growth of IDR 95.8 Trillion


PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk. (BJBR) or Bank BJB Successfully recorded credit growth of Rp. 95.8 trillion throughout 2021.

This was conveyed by the President Director of Bank BJB Yuddy Renaldi who said that the company’s credit grew 7.1 percent year-on-year (YoY), from Rp. 89.4 trillion as of December 2020 to Rp. 95.8 trillion in the position of December 2021.

Yuddy revealed that Bank BJB’s credit also grew above the banking industry average which was only at the level of 5.2 percent.

He explained that credit growth was supported by various segments ranging from consumer, corporate and commercial, MSMEs, and mortgages.

Meanwhile, the non-performing loan (NPL) ratio of the issuer codenamed BJBR was maintained at the level of 1.2 percent, which is very well, far below the banking industry average.

Bank BJB also recorded a gross profit of IDR 2.6 trillion throughout 2021, with interest income growth of 21.6 percent followed by 36.9 percent fee-based income growth sourced from Bank BJB’s digital channel which also grew 42.4 percent YoY.

Furthermore, in terms of Third Party Funds (DPK), Bank BJB experienced an increase of 14.3 percent YoY to Rp. 121.6 trillion. Then, the total assets of Bank BJB also grew 12.4 percent YoY to Rp. 158.4 trillion.

“The total assets of Bank BJB are the largest among Regional Development Banks (BPD) in Indonesia or are included in the top 14 in the national banking industry,” said Yuddy, Tuesday (8/3/2022).

The amount of credit granted is determined by various factors including Third Party Funds (DPK), Capital Adequacy Ratio (CAR), and Non-Performing Loans (NPL), Bank Indonesia Certificates (SBI), and Loan Interest Rates.

Credit distribution plays an important role in banking because, in addition to the welfare of the community, the bank will also get a profit which is the main source of income.

Credit provided by the bank will later become a source of income because of the interest on credit loans that must be paid regularly by debtors within a certain time.

Giving credit is not without risk. This lending is an activity that has the highest risk in banking activities. Therefore, banks must carry out credit risk analysis and continue to prioritize the principle of prudence in lending.

Furthermore, banks that provide credit must be balanced with strict risk management.