BBNI’s profit fell by -78.7% to IDR 3.28 trillion in 2020. Loan Loss Provisions rose sharply to IDR 22.59 Trillion (vs IDR 8.84 Trillion in FY19), putting heavy pressure on the company’s profitability. However, BBNI was still able to book credit growth of 5.5% yoy with pre-provisions operating profit (PPOP) only decreased slightly by 1.8%. This year, the company targets single digit credit growth in the range of 6-9 percent.
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