• Banking: Bank Indonesia launches QRIS Tap
Bank Indonesia (BI) has launched QRIS Tap, a contactless payment technology that
eliminates the need for manually scanning QR codes. This innovation, developed in
collaboration with government agencies, the banking sector, and transportation providers,
enables transactions in just 0.3 seconds using Near Field Communication (NFC)-enabled
devices. Users can fund payments through savings accounts, credit facilities, or server-based
electronic money from supporting payment service providers. Initially, QRIS Tap has been
implemented in Jakarta MRT, DAMRI buses, Trans Metro Pasundan, and Trans Sarbagita Bali,
along with 2,353 merchants, including retail stores, MSMEs, parking services, and hospitals
like RSCM Kencana and RSPAD Gatot Subroto. Future expansions will cover all MRT, LRT,
TransJakarta, and KRL stations, as well as Teman Bus systems and a broader merchant
network, making digital payments faster and more accessible across Indonesia. (Tempo)
• BNGA to hold an AGMS to discuss dividend distribution
Bank CIMB Niaga (BNGA) will hold its Annual General Meeting of Shareholders (AGMS) on 14
Apr 25, to discuss 16 agenda items, including dividend distribution for the 2024 fiscal year.
The bank reported a consolidated net profit of IDR 6.9T in 2024, up 5.30% yoy, driven by an
8.61% increase in interest income, though net interest income slightly declined due to rising
interest expenses. Consolidated assets grew 7.73% yoy to IDR 360.22T, with third-party funds
increasing 10.5% yoy to IDR 260.6T. Loan disbursement rose 6.9%, led by SME and corporate
segments. CEO Lani Darmawan attributed the strong performance to the Forward23+
strategy, digital innovation, and customer experience enhancements. The bank also
improved its asset quality, lowering its gross NPL ratio to 1.8%, while maintaining a strong
CAR of 23.3% and an LDR of 86.3%. (Bisnis Indonesia)
• SMRA posted 80% net profit growth in 2024
Summarecon Agung (SMRA) posted a net profit of IDR 1.37T in 2024, marking an 80% increase
from IDR 765.96B in the previous year, with basic earnings per share rising to IDR 83.19 from
IDR 46.40. The company’s revenue surged 59.69% yoy to IDR 10.62T, though the cost of goods
sold and direct expenses also increased to IDR 5.16T from IDR 3.29T. This resulted in a gross
profit of IDR 5.46T, up from IDR 3.35T. Operating profit saw a significant rise to IDR 3.73T from
IDR 1.91T, despite higher selling, general, and administrative expenses. Financial income
remained stable at IDR 181.26B, while financial costs climbed to IDR 1.04T from IDR 756.96B.
Before tax, SMRA recorded a profit of IDR 2.46T, up from IDR 1.34T, although final tax
expenses nearly doubled to IDR 599.36B. Net profit for the year reached IDR 1.84T, compared
to IDR 1.05T in 2023. The company’s financial position strengthened, with total equity
increasing to IDR 13.83T from IDR 12.3T, while total liabilities grew to IDR 19.7T from IDR 18.86T.
Overall, total assets expanded to IDR 33.53T from IDR 31.16T. (Emiten News)
