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BANK - JAKARTA. PT Bank DBS Indonesia recorded an impressive performance throughout 2023. The bank's profit surged 87.83% annually (YoY) to IDR 1.69 trillion.
This profit is in line with the net interest income which increased by 21.74% to IDR 5.06 trillion. As a result, the Net Interest Margin (NIM) rose 79 basis points to 6.02% compared to 5.23% in 2022.
The President Director of PT Bank DBS Indonesia, Lim Chu Chong, said this increase reflects the bank's strong financial performance and efficient asset and capital management. Considering, 2023 was not an easy year with various challenges such as geopolitical factors and the pre-election period.
He sees Bank DBS Indonesia successfully improving the company's efficiency and overall business volume. This is supported by taking the right strategic steps to develop various products and services and reflects the Bank's strategic investment decisions and responsiveness to market dynamics.
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“In maintaining economic growth momentum, Bank DBS Indonesia is committed to maintaining its liquidity health, including monitoring the direction and projection of interest rate policies.” he said, quoted from an official statement, Wednesday (27/3).
By the end of 2023, DBS Indonesia's customer deposits surged to IDR 84.27 trillion, an increase of 16.64% or IDR12.02 trillion from IDR72.25 trillion the previous year.
On the other hand, loans provided by DBS Indonesia also increased by 14.98% to IDR 63.44 trillion in 2023. As a result, total assets surged to IDR 112.97 trillion or an increase of 13.79%.
Meanwhile, other operating income also increased by 54.79% in 2023, reaching IDR 1.76 trillion. This increase was mainly driven by an increase in income from securities investment activities and government bonds, which increased to IDR 1 trillion in 2023 from IDR 278.55 billion the previous year.
“To maintain performance and business growth, Bank DBS Indonesia continues to strive to increase credit in both the corporate and retail sectors,” he added.
