Aldira Sunrise 1 Oktober 2024

BBKP posted IDR 2.7T revenue in 1H24
Bank KB Bukopin (BBKP) recorded interest and sharia income of IDR 2.7T in 1H24 (+11% yoy). Meanwhile, interest and sharia expenses were maintained at IDR 2.1T. Thus, net interest and sharia income grew 78% yoy to IDR 570B. However, the company has set aside a reserve for impairment losses (CKPN) of up to IDR 3.7T in 1H24 (4.87% of productive assets), higher than IDR 3.2T at 1H23. As a result, the company’s net loss increased to IDR 3.1T (+8.7% yoy). In 1H24, distributed credit amounted to IDR 42.3T. Credit quality deteriorated as the gross NPL rate reached 11.3%, higher than 10.5% in 1H23. (IDX Channel)
BNGA’s net profit grew 4.32% in 8M24
Bank CIMB Niaga (BNGA) reported a net profit on a bank-only basis of IDR 4.37T in 8M24 (+4.23% yoy). Net interest income declined to IDR 8.19T in 1H24 (-3.53% yoy), mainly due to rising interest expense to IDR 6.83T (+22.4% yoy), while interest income only grew 6.75% yoy to IDR 15.01T. The company has distributed credit amounting to IDR 202.93T in 8M24 (+3.35% yoy). Third-party funding (DPK) also grew to IDR 244.74T in 8M24 (+4.32% yoy). (BNGA)
TOWR’s net profit rose 9.4% yoy in 1H24
Sarana Menara Nusantara (TOWR) posted revenue of IDR 6.15T (+6.54% yoy), contributed by third-party rental income amounting to IDR 5.56T as well as service and other income from third parties amounting to IDR 515.5B. Based on its customers, the majority of TOWR’s revenue comes from Indosat (ISAT) of IDR 2.19T, XL Axiata (EXCL) of IDR 2.01T, and Telkomsel of IDR 724.5B. In line with revenue, net profit rose to IDR 1.6T in 1H24 (+9.4% yoy). (Bisnis Indonesia)