Starting The Year Optimistically, Bank OCBC NISP Recorded 65.8% YoY Net Income Growth in The First Quarter of 2023

28 Apr 2023

Jakarta, 28 April 2023 – Bank OCBC NISP continues its solid performance in the first three months of 2023 by implementing a consistent and sustainable business strategy, accompanied by digital optimization. It is reflected in the Bank's net income which increased by 65.8% YoY in the first quarter of 2023 to IDR1 trillion. This growth was driven by 25.3% YoY growth in net interest income and a decrease of 51.3% YoY in allowance for impairment losses.

In the same period, Bank OCBC NISP also recorded loan disbursement increased by 11.6% YoY to IDR137.6 trillion. The Bank is also committed to maintaining the quality of loans disbursement, as proven by Gross NPL at the level of 2.4%.

Key Financial Performance as of 31 March
Description 2023 2022 ∆% YoY
Net Income (IDR billion) 1,030 621 65.8%
Total Assets (IDR trillion) 239.9 225.7 6.3%
Loans – gross (IDR trillion) 137.6 123.3 11.6%

Parwati Surjaudaja, President Director Bank OCBC NISP conveyed, “In this recovering economic situation, we consistently maintain sustainable growth and remain prudent. This year, we are optimistic the conditions will continue to improve and grow positively. We will also continue to focus on enhancing our financial services to be more inclusive.”

Parwati also added that Bank OCBC NISP will always be prudent in carrying out our business practice and observe all changes; including paying attention to national and global economic conditions, interest rate benchmark, and inflation trends.

New Features in ONe Mobile & Velocity, Make it Easier for Customers to Manage Their Financial Bank OCBC NISP continues to accelerate and transform banking capabilities, including its digitalization to present innovations and initiatives that are relevant to individual customers’ needs through ONe Mobile, an application to grow money, and for corporate customers through Velocity@ocbcnisp.

The convenience for individual customers to transact online using ONe Mobile Bank OCBC NISP is reflected in the increase in individual customer digital activities through the mobile banking application by 54% YoY. Currently, customers can also easily ask anything from services, promos, difficulties, to investments through Live Chat feature on ONe Mobile application. This feature also provides convenience when customers are abroad, so they can ask questions without incurring expensive telephone costs.

In addition, Bank OCBC NISP also launched the Life Goals feature on ONe Mobile - a new feature that is available for all customers, enabling them to plan their financial future goals by connecting their needs and investments products. The Life Goals category, which consists of Retirement, Education, Marriage, Travel, and Spiritual Tourism, will help them to be wiser in spending and managing their finances.

In Corporate Business segment, Bank OCBC NISP recorded an increase in Velocity users, an application that facilitates business transactions by 17% YoY. This growth indicates good acceptance from many more entrepreneurs toward the Velocity so that they are able to seamlessly grow and operate their businesses. One of the features that can help corporate customers run their business is Trade Finance that provides online-based Bank Guarantees, Letter of Credit (LCs) and Domestic Letters of Credit (SKBDN) that can be accessed through the Velocity@ocbcnisp platform.

Continuesly Support Entrepreneurs to #Step Up Their Business

Bank OCBC NISP is always committed to supporting entrepreneurs to step up their business so that they can contribute positively for the society. In March 2023, the company conducted OCBC NISP Business Forum 2023 to provide insights, ideas, thoughts, and views on the Indonesian and global economy to more than 500 customers consisting of corporate CEOs and entrepreneurs from Premier and Private Banking. This event was attended by the Minister of Tourism and Creative Economy, Sandiaga Uno virtually; the Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, and Deputy Minister of Finance of the Republic of Indonesia, Suahasil Nazara.

Furthermore, Bank OCBC NISP consistently implement a sustainable business. The Bank continues to disburse sustainable financing through green and gender based credit. As of 31 March 2023, the Bank has disbursed loans through #TAYTB Women Warriors program increased by 9.6% YoY follow by 12.5% YoY increase on Women Entrepreneurs.

In addition to sustainable financing, Bank OCBC NISP is the first Bank in Indonesia that received Renewable Energy Certificate (REC) from PLN with a total supply equivalent to 11,000 (MWh). Through this REC, PLN will ensure that the electricity purchased by Bank OCBC NISP is produced from renewable energy power plants and will be used in all Bank OCBC NISP branches throughout Indonesia.

Factsheet of financial performance and ratios as of 31 March 2023, attached.

Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. As of 31 March 2023, Bank OCBC NISP serves customers through 199 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 492 ATM, more than 90,000 ATM networks in Indonesia, and connected to more than 600 OCBC Group ATM networks in Singapore and Malaysia. Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. Bank OCBC NISP is one of the banks with the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia.

Brand & Communication Division, Bank OCBC NISP
OCBC NISP Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888; Fax: 021-57944000
brand.communication@ocbcnisp.com
Website : www.ocbcnisp.com

Aleta Hanafi
Division Head
aleta.hanafi@ocbcnisp.com,
Mobile: 62-8119860068
Chandra Novita
Publicist
chandra.novita@ocbcnisp.com
Mobile: 62-8111071069
Nadya Maharani
Publicist
nadya.maharani@ocbcnisp.com
Mobile: 62-8118725945
Novi Henriatika
Publicist
novi.henriatika@ocbcnisp.com
Mobile: 62-8119812329

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