Exceeding Pre-Pandemic Performance, Bank OCBC NISP Recorded 12% Net Profit Growth in the First Half of 2022

29 Jul 2022

Jakarta, July 29th, 2022 – The World Bank announced its positive assessment to Indonesia's economic development as the result of accommodative policies that leads to economic stability. Amidst the global economic recession threat, Indonesia is able to maintain economic stability with economic growth at a level of around 5% . Aligned with that, Bank OCBC NISP also recorded positive sustainable performance growth.

During the first half of 2022, Bank OCBC NISP managed to record profit after tax growth of 12% YoY driven by a 4% YoY increase in net interest income and a 16% YoY decrease in allowance for impairment losses on financial asset . Furthermore, the Bank's key financial indicators also recorded positive growth in Semester I 2022.

Key Financial Performance as of June 30th, in IDR trillion
Items 2022 2021 ∆% YoY
Total Assets 223.4 201.1 11%
Total Deposits 171.5 150.4 14%
Total Loans (Gross) 127.1 115.5 10%
Total Equity 32.8 31.3 5%

The improving loan demand reflects the recovering economic activity. Total loan disbursement at Bank OCBC NISP increased by 10% YoY in Semester I 2022, primarily due to 15% growth in retail banking loans and 7% growth in business banking loans. Besides, Bank OCBC NISP's lending to women entrepreneurs through the TAYTB Women Warrior program increased by 41% YoY, while the number of women customers increased by 20% YoY in Semester I 2022. Apart from Bank OCBC NISP's commitment to continue adhering to the prudence principle in loans disbursement, the economic recovery has also contributed positively to decrease in NPL ratio at Bank OCBC NISP. Per end of June 2022, gross NPL was at the level of 2.4% while net NPL was at the level of 0.8%, both of which declined compared to the same period in the previous year.

“Notwithstanding Indonesia's relatively stable economic growth, global economic growth is expected to be around 3.0% this year and next year. With the on-going war between Russia and Ukraine, uncertainties, and recession threats are becoming increasingly difficult to avoid. According to the Ministry of Finance, Indonesia's overall situation remains favorable, as evidenced by the declining government's foreign debt and corporate debt. For this reason, we should remain optimistic while also vigilant in seizing opportunities amidst the threat of recession. Bank OCBC NISP will continue to maintain positive performance and assist customers in fulfilling their banking needs, allowing us to go far beyond together and contribute to the Indonesian economy,” said Parwati Surjaudaja, President Director of Bank OCBC NISP.

Financial Education and Financial Solutions from OCBC NISP to create a #Financiallyfit society

Continuing one of the Bank's major commitments to build a #financiallyfit society, Bank OCBC NISP consistently conducts a variety of appealing financial education programs so that participants are more interested, and the learnings are easier to be comprehended and implemented. Throughout Semester I 2022, Bank OCBC NISP held 88 classes which was attended by thousands of participants. Recently, Bank OCBC NISP launched the “Check, Choose, Cuan” program where through this series of programs, Bank OCBC NISP invites the public to check their financial conditions, choose products that match their risk profiles and financial goals, and finally get benefits from the solution.

The combination of the Bank's consistency in conducting financial education programs and the presence of innovative and customer centric product solutions positively benefits the customers’ financial conditions and character.

The growth of Bank’s Deposit and CASA, followed by the increment of customers’ digital transactions shows a good indication of customer awareness in financial management and the use of digital channels for daily banking needs. This is indicated by several financial performance indicators, including:

  1. Total deposits grew by 14% YoY at the end of June 2022 with CASA ratio of 56.7% compared to the total Deposits. This composition has increased quite rapidly when compared to June 2019 where the Bank OCBC NISP's CASA ratio was still at 37.6%.
  2. The number of transactions through ONe Mobile in the Semester I 2022 increased by 31%, transaction value increased by 24%, while the number of users increased by 19% compared to the same period in 2021. For corporate customers, Velocity@ocbcnisp service experienced a growth in transaction value of 27%, while the number of transactions and users increased by 20% and 15%, respectively, compared to the same period in 2021.
  3. Mortgage recorded an increase of 26% YoY including supported by KPR Easy Start, our flagship product on home ownership loan with affordable and step-up installment scheme for younger generation.

Utilization of Digital Transactions for Individual and Corporate Customer Needs

One of Bank OCBC NISP's strategic initiatives to become a trusted partner for its customers is by providing accelerated digital capabilities, followed by digital literacy education. Thus, customers could maximize the available digital services and avoid risk of fraud and cyber-crimes that are increasingly rampant. Until the end of June 2022, Bank OCBC NISP's digital transaction value grew by 26% YoY, which followed by the increment of Bank’s revenue from digital transactions of 13% YoY.

Bank OCBC NISP has committed to accelerate people's digital capabilities through a programming competition activity called OCBC NISP Hack@ON in order to raise community awareness of digitalization and its benefits. The tagline #GakPerluRibet Let's Bank Differently is brought as the program’s theme, Bank OCBC NISP hopes to create new convenience banking experiences and invite Indonesia's best talents to participate in advancing financial inclusion to make Indonesia a better place.

Factsheet of financial performance and ratios as of Juni 30th, 2022, attached.

Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. As of June 30th, 2022, Bank OCBC NISP serves customers through 201 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 497 ATM, more than 100,000 ATM networks in Indonesia, and connected to more than 680 OCBC Group ATM networks in Singapore and Malaysia. Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. Bank OCBC NISP is one of the banks with the highest credit ratings in Indonesia, namely idAAA (stable) from PEFINDO and AAA(idn)/stable from PT Fitch Ratings Indonesia.

Bank OCBC NISP

Brand & Communication Division
OCBC NISP Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888; Fax: 021-57944000
brand.communication@ocbcnisp.com
Website : www.ocbcnisp.com



Aleta Hanafi
Division Head
aleta.hanafi@ocbcnisp.com,
Mobile: 62-8119860068
Chandra Novita
Publicist
chandra.novita@ocbcnisp.com
Mobile: 62-8111071069

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