Still Under Pressure, Banking Issuers' Profits in Q2-2024 Projected to Grow Minimally

June 05, 2024, 11.43 PM | Reporter: Nurtiandriyani Simamora

ILUSTRASI. Customers make transactions at Bank Mandiri ATMs, Jakarta, on Monday (3/6/2024). Based on the Commercial Bank Deposit Distribution report released by the Deposit Insurance Corporation (LPS), the value of customer deposits at banks has grown 8% on an annual basis in April 2024 to IDR 8,703 trillion. More than half of customer deposits are placed in jumbo banks or groups of banks with core capital (KBMI) IV. (KONTAN/Baihaki)

BANKING - JAKARTA. According to a consensus of analysts from Bloomberg, the net profit of the banking industry is projected to grow less than 10% in the second quarter of 2024. This figure is significantly lower compared to the banking profit growth in the second quarter of 2023, which reached 23.4%.

Banking observer SVP LPPI Trioksa Siahaan believes that the banking performance in this quarter is slightly suppressed. The growth performance will be lower than last year.

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Editor: Syamsul Azhar