OCBC NISP Records Growth of 23 Percent

INDUSTRY.co.id - Jakarta- Bank OCBC NISP posted a 23 percent net profit growth in Q3 / 2017, to Rp1.7 trillion, from Rp1.4 trillion in the same period a year earlier.

"In the midst of challenging external conditions in 2017, Bank OCBC NISP continues to show sustainable business growth," said Bank OCBC NISP President Director Parwati Surjaudaja in a statement received by Editorial in Jakarta on Tuesday (24/10/2017)

He explained that the improvement in performance is inseparable from the company's efforts to continue to innovate in line with the trend to meet customer expectations, and increase productivity.

In line with net profit growth, Bank OCBC NISP also increased its assets in this period by 16 percent (year on year) to Rp149.8 trillion from Rp129.5 trillion.

The increase in total assets was mainly driven by a set of Third Party Funds (DPK), which grew 20 percent from Rp95.4 trillion to Rp114.8 trillion.

In addition, credit growth (gross) was recorded at 17 percent (year on year) to Rp103.3 trillion, from Rp88.1 trillion in the same period in 2016.

This loan growth is channeled in line with the diversification of the business sector, the size of the loan and the time period.

In accordance with the type of use, the composition of credit channeled among others for working capital reached 45 percent, investment by 41 percent, and consumers as much as 14 percent.

Parwati ensures this condition shows the company's commitment to remain consistent in carrying out the intermediation function.