JAKARTA - The Covid-19 pandemic has had an impact on social, economic and welfare aspects. It takes extraordinary efforts to revive the national economy because the impact of the pandemic has caused a decline in various economic activities. Therefore, all parties, both government and private, must work hand in hand in the context of restoring the national economy from various strategic sides, including maximizing the role of bank intermediation as carried out 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 the wheels of SMEs keep running, MNC Bank has relaxed debtors affected by COVID-19 in accordance with regulatory authorities. Meanwhile, 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 precision steps and decisions, where on the one hand we have to adapt to the disruption that fintech presents. On the other hand, we also have to adapt to a slowing economy while still keeping debtors able to do business. " Said the President Director of MNC Bank Mahdan in Jakarta 29 July 2020.
Mahdan continued, although faced with various challenges, the management had taken various strategic steps to maintain the bank's profitability. In addition to synergizing with work partners, MNC Bank also increases productivity and operational 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 reports for the period of June 2020, MNC Bank has successfully passed the initial phase of the pandemic with good profitability, seen from growing net interest income and operating profit supported by improved financial ratios.
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 pressure, MNC Bank's net profit was relatively stable from Rp 5.28 billion in the second quarter. II 2019 to Rp 5.13 billion in the second quarter of 2020.
This positive performance is also reflected in MNC Bank's financial ratios as seen from the Net Interest Margin (NIM) ratio which increased from 4.07% in the second quarter of 2019 to IDR 4.79% in the second quarter of 2020, Nett Non Performing Loans (NPL). improved or decreased from 3.67% in the second quarter of 2019 to Rp 3.45% in the second quarter of 2020, and Operating Expenses to Operating Income (BOPO) also showed improvement or decreased from 99.02% in the second quarter of 2019 to Rp 98.33% Q2 2020.
"We hope that during this new normal period, economic activity can resume running. So that we can immediately get back up together towards an advanced Indonesia. " Concluded Mahdan.
This news has been published at okezone.com