09 Nov 2022
Continuing the Streak of Outstanding Performance, BABP's Profit Skyrocketed 897%
Jakarta, 9 November 2022 – PT Bank MNC Internasional Tbk (BABP or MNC Bank), a subsidiary of PT MNC Kapital Indonesia Tbk (BCAP) under MNC Group continued its positive trend in the third quarter of 2022 by recording significant financial performance growth. Net profit up to the third quarter of 2022 was recorded at Rp 57.51 billion, surging 897.17% compared to the same period last year of Rp 5.77 billion year-on-year (yoy).
The leap in profit was driven by an increase in interest income and a decrease in interest expense. Interest income up to the third quarter of 2022 rose by 16.43%, from Rp 713.00 billion to Rp 830.13 billion yoy. Meanwhile, interest expenses decreased by 21.16%, from Rp 420.36 billion to Rp 331.42 billion until the third quarter of this year. The combination of these two things made net interest income until the third quarter of 2022 strengthen by 70.42%, from Rp 292.64 billion to Rp 498.71 billion.