Bank Rakyat Indonesia Reports FY2024 Net Profit of IDR 60.64 Trillion on MSME Lending Strength

Bank Rakyat Indonesia reported consolidated full-year 2024 net profit of IDR 60.64 trillion. Total assets reached IDR 1,993 trillion, an increase of 1.42% year on year, while revenue for the period came in at IDR 145.3 trillion.

Outstanding loans grew 6.97% year on year to IDR 1,354.64 trillion, with MSME lending accounting for 81.97% of the entire portfolio.

NPL RATIO IMPROVES AS COVERAGE EASES

The non-performing loan ratio improved to 2.78% from 2.95% in the prior year. The NPL coverage ratio stood at 215%, down from 229% a year earlier.

The lower NPL ratio came alongside a lower coverage ratio, although coverage remained well above 200%.