PT Bank MNC Internasional Tbk : MNC Bank Positve Q2 2020 Result

JAKARTA - Covid-19 pandemic has had an impact on the social, economic, and welfare aspects of society. It takes extraordinary effort to revive the national economy because its impact has caused a decline in various economic activities. Therefore, all parties, both government and private, must work together for recovering national economy from various strategic sides, including maximizing the role of bank intermediation as conducted by PT Bank MNC International Tbk (MNC Bank).
MNC Bank has taken various steps in its efforts to support government policies related to economic recovery and economic transformation. To help SMEs business continuity, MNC Bank helped debtors affected by COVID-19 in accord with regulatory from authorities. While in an effort to help transform banking transaction activities, in the near future MNC Bank will introduce an integrated banking solution application.
'Currently the banking industry, including MNC Bank, is in a situation that requires precised effort and decisions, where on one hand we have to adapt to disruption presented by fintech. On the other hand, we also have to adapt to a slowing economy while still keeping debtors able to do business. ' Said President Director of MNC Bank Mahdan in Jakarta, July 29, 2020.
Mahdan continued, although faced with various challenges, management has taken strategic steps to maintain bank profitability. In addition to synergizing with partners, MNC Bank also increases operational productivity and efficiency by continuing to prioritize the principle of prudence.
MNC Bank managed to maintain positive performance in the second quarter of 2020 as seen from a number of the company's financial indicators. Based on the published financial statements for the June 2020 period, MNC Bank has successfully passed the initial phase of a pandemic with good profitability, seen from net interest income and growing operating profit supported by an improved financial ratio.
Net interest income increased from Rp 203.46 billion in the second quarter of 2019 to Rp 225.25 billion in the second quarter of 2020. Operating profit increased from Rp 6.07 billion in the second quarter of 2019 to Rp 10.07 billion in the second quarter of 2020. So that despite slowing activity and economic pressures, MNC Bank's net profit was relatively stable from Rp 5.28 billion in the quarter- II 2019 to Rp 5.13 billion in the second quarter of 2020. This positive performance is also reflected in the MNC Bank's financial ratios, as seen from the ratio of Net Interest Margin (NIM), up from 4.07% in the second quarter of 2019 to Rp 4.79% in the second quarter of 2020, Non Performing Loans (NPL) Net improved or decreased from 3.67% in the second quarter of 2019 to Rp 3.45% in the second quarter of 2020, and the Operating Expenses of Operating Income (BOPO) also showed improvement or decreased from 99.02% in the second quarter of 2019 to Rp. 98.33% quarter II 2020.
'Our hope, economic activity can resume in this new normal period. So that together we can immediately progress towards a developed Indonesia.' Concluded Mahdan.

This news has been published at okezone.com