Full Year 2024 Bank Negara Indonesia (Persero) Tbk PT Earnings Call Transcript
Key Points
- Quarterly PPOP grew by 9% year-on-year, reaching a new high level of IDR9.5 trillion.
- Savings grew by 11% year-on-year, outperforming the industry growth rate of 6.6%.
- Loan growth was strong at 12%, driven by the Corporate and Consumer segments.
- Asset quality improved with the NPL ratio falling below 2% and the loan-at-risk ratio declining to 10.3%.
- The launch of the Wondr mobile app significantly increased user engagement and transaction frequency, contributing to savings growth.
- Net interest margin (NIM) faced challenges, with a conservative guidance set due to cost of fund pressures.
- The exchange rate volatility and macroeconomic conditions may limit the Central Bank's ability to ease monetary policy.
- Operating expenses grew by 6.9%, outpacing revenue growth due to investments in digitalization.
- Anomaly in fourth-quarter provision charges, with a significant increase due to conservative provisioning and write-offs.
- The SME segment experienced a decline of 10.8%, driven by a sharp reduction in the KUR portfolio.
()-&
Good afternoon, ladies and gentlemen. On behalf of PT Bank Negara Indonesia, (Persero) Tbk or BNI, I'd like to extend a warm welcome to each of you. We are thrilled to have such a distinguished group of partners and colleagues here with us in our headquarter on BNI earnings call for the full year of 2024.
It's been a while since we're together. It's nice to see you all. We hope that you are as excited as we are for what promises to be an insightful and productive gathering. Please give a round of applause for all of us. It's a real pleasure to have analysts and shareholders here as we gather to reflect on BNI's progress, share some exciting and wonderful updates and discuss the outlook together, whether you travelled a long distance, especially to those who came all the way from Singapore, thank you so much. We deeply appreciate the time and effort that you have invested in being here. And for audience on Zoom, welcome, and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
