Summary

Bank BTPN reported a 47% YoY increase in net profit in H1 2021, with a net profit after tax of IDR 1.64tn ($113m) compared to IDR 1.12tn ($77m) in the same period last year. The bank's CEO, Ongki Wanadjati Dana, attributed the growth to the company's business strategy in adapting to the challenges of the Covid-19 pandemic. The bank's net interest income grew by 4% YoY to IDR 5.59tn ($386m) in H1 2021, compared to IDR 5.37tn ($370m) in the same period last year. Other operating income also increased by 5% YoY to IDR 960bn ($66m), mainly due to an increase in fee income. The bank was also able to maintain operational efficiency, with operating expenses remaining relatively the same as last year.
Bank BTPN's strong financial performance in H1 2021 was driven by its ability to adapt to the challenges of the Covid-19 pandemic. The bank's net profit after tax increased by 47% YoY to IDR 1.64tn ($113m), while its net interest income grew by 4% YoY to IDR 5.59tn ($386m). Other operating income also increased by 5% YoY to IDR 960bn ($66m), mainly due to an increase in fee income. The bank was able to maintain operational efficiency, with operating expenses remaining relatively the same as last year.
Bank BTPN's CEO, Ongki Wanadjati Dana, said that the bank's strong financial performance in H1 2021 was the result of its business strategy in adapting to the challenges of the Covid-19 pandemic. The bank was able to maintain operational efficiency, while also increasing its net interest income and other operating income. The bank's net profit after tax increased by 47% YoY to IDR 1.64tn ($113m), compared to IDR 1.12tn ($77m) in the same period last year.
Bank BTPN's financial performance in H1 2021 was driven by its ability to adapt to the challenges of the Covid-19 pandemic. The bank's net profit after tax increased by 47% YoY to IDR 1.64tn ($113m), while its net interest income grew by 4% YoY to IDR 5.59tn ($386m). Other operating income also increased by 5% YoY to IDR 960bn ($66m), mainly due to an increase in fee income. The bank was able to maintain operational efficiency, with operating expenses remaining relatively the same as last year.