BBRI booked a decline in net profit to IDR 18.6 Tn (-45.8% yoy) throughout 2020. Net Interest Income (NII) dropped by 3.1% yoy and resulted in the decline of PPOP to IDR 59.6 Tn (-9.9% yoy). Meanwhile, BBRI also booked a significant increase in provision expense by 44.3% yoy. Government support to recover the MSME sector as well as low cost of fund will be the supporting factors of BBRI’s performance in 2021.
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