The first semester of 2020 is a big challenge for us economy Indonesia. Health crisis due to pandemic Covid-19 significantly affects almost all sectors, including banking.
In fact, a group of banks with a core capital of more than IDR 30 trillion, otherwise known as bank BUKU IV also can’t do much. One by one the financial reports for the first semester of 2020 for BUKU IV banks have been published which in fact are all experiencing pressure on financial performance, especially in the net profit post.
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So, of the seven BUKU IV banks in Indonesia, who experienced the deepest decline in net profit in the first semester of 2020? Check out the following reviews.
1. Bank Danamon (-53.4%)
PT Bank Danamon Indonesia Tbk (BDMN) became a BUKU IV bank with the deepest decline in net profit. Reporting from the company’s financial statements, Bank Danamon posted a net profit of IDR 845 billion during the first half of 2020. This figure is down 53.4% compared to the same period last year which was recorded at IDR 1.81 trillion.
President Director of Bank Danamon, Yasushi Itagaki, revealed that the decline was influenced by the economic challenges caused by the Covid-19 pandemic. As a result, management decided to strengthen the funding structure, which was reflected in growth current account and savings account (CASA) by 14% to IDR 62.1 trillion.
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“In the midst of these challenging conditions, we have strengthened the foundation with stable liquidity and a healthier funding composition,” said Yasushi Itagaki in writing, Jakarta, July 30, 2020.
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