Jakarta, CNBC Indonesia – PT Bank Rakyat Indonesia Tbk (BBRI) has released its performance results for the first quarter of 2022. This state-owned bank posted a consolidated interest income of Rp 36.71 trillion, up 5.89% compared to the same period the previous year, which was Rp 34.69 trillion.
In line with this income, the net interest income recorded by BBRI was Rp 30.68 trillion. This figure jumped 11.23% on an annual basis from the previous Rp 27.59 trillion.
BBRI was also able to reverse the fair value of financial assets to Rp 201.91 billion. In the first quarter of 2021, the company recorded a loss of Rp 698.75 billion in this financial post.
As a result, BBRI’s consolidated operating profit was recorded at Rp 15.32 trillion. This profit rose 51.76% compared to the same period the previous year, Rp 10.09 trillion.
In line with these acquisitions, BBRI’s consolidated net profit was Rp 12.17 trillion. Interestingly, this notch flew 78.24% on an annual basis from the previous Rp 6.83 trillion.
BBRI’s consolidated performance follows the merger of PT Pegadaian and PT Permodalan Nasional Madani (PNM). The merger was officially carried out on September 13 last year.
BRI’s Consolidated Financial Statements have also adopted the pooling of interest method in accordance with Statement of Financial Accounting Standards (“PSAK”) No. 38 (Revised 2012) concerning “Business Combinations of Entities Under Common Control”.
With the completion of the merger, BBRI recorded a profit before pro forma net profit from acquisition transactions with entities under common control of Rp 12.22 trillion. This gain jumped 57.64% compared to the same period the previous year, Rp 7.75 trillion.
(dhf / dhf)
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