Back to announcement
20250331_BCAP_Laporan Informasi dan Fakta Material_31872448_lamp2.pdf
Other Text extracted BCAPSource file signed link, expires in 15 minutes
Extracted text 4
Page 1
BCAP’S FY-2024 RESULTS, NET INCOME SOARS 62.5% YOY
Jakarta, April 1, 2025 – PT MNC Kapital Indonesia Tbk (IDX: BCAP) reported its financial performance for the period
ending December 31, 2024, recording a revenue growth of 12.6% year-on-year (yoy) to Rp3.33 trillion, rising from
Rp2.95 trillion in 2023. This achievement was primarily driven by interest and dividends, which contributed 58.8% to
BCAP’s total revenue, amounting to Rp1.96 trillion in FY-2024, reflecting an 4.4% yoy increase from the same period last
year. This was followed by a surge in net premium income, which skyrocketed by 125.9% from Rp348.85 billion in
FY-2023 to Rp788.00 billion in FY-2024, contributing 23.7%. BCAP’s other revenue streams included digital income of
Rp305.58 billion, capital market income of Rp209.22 billion, sharia financing lease income of Rp34.66 billion, and other
operating income of Rp31.96 billion as of December 2024.
BCAP’s net income for 2024 also recorded a solid 62.5% yoy growth, reaching Rp126,04 billion, up from Rp77.59 billion
in 2023. The robust increase in revenue and net income propelled BCAP’s net income margin to 3.79% in 2024, from
2.63% in 2023.
BCAP’s total consolidated assets stood at Rp29.46 trillion as of December 31, 2024, climbing from Rp25.86 trillion in the
same period of 2023. Total consolidated liabilities increased to Rp22.28 trillion in FY-2024 from Rp18.86 trillion in FY-2023.
Meanwhile, total consolidated equity rose from Rp7.00 trillion at the end of 2023 to Rp7.17 trillion as of December 31,
2024.
0.9% 0.5%
FY-2024 FINANCIAL HIGHLIGHTS FY-2024 1.5%
REVENUE CONTRIBUTION
0.9%
0.9% 0.5% 0.9%
1.5%
in million Rupiah FY-2024 FY-2023 % 5.1%
Profit or Loss 7.7% 5.1%
Revenues 3,326,470 2,954,296 12.6% 7.7%
Interest and dividends 1,957,050 1,874,772 7.8%
Capital market income 209,215 301,367 7.8% 45.3%
45.3%
Net premium income 788,004 348,847
Digital income 305,576 326,893 9.5%
9.5%
Sharia financing lease income 34,661 27,380
Other operating income 31,964 75,037
Income before tax 164,282 156,615 20.7%
20.7%
Net income 126,038 77,585 62.5%
Net income attributable to: MNC Bank MNC Life
MNC Bank
MNC Insurance MNCMNC Life
Finance
- Owners of the company 92,373 55,928 65.2% MNC
MNC Sekuritas
Insurance MNC Leasing
MNC Finance
MNC
MNC Teknologi Nusantara
Sekuritas FM MNC
DigitalLeasing
Solution
- Non-controlling interests 33,665 21,657 MNC Asset Management Others
MNC Teknologi Nusantara FM Digital Solution
Comprehensive income (loss) 181,804 (12,688) MNC Asset Management Others
Comprehensive income (loss)
attributable to: In terms of business unit contributions, MNC
- Owners of the company 148,529 (33,620)
Bank remained the largest revenue driver,
- Non-controlling interests 33,275 20,932
accounting for 45.3% of BCAP’s consolidated
Earning per share (in full Rupiah) 2.17 1.31 65.2%
revenue, followed by MNC Life at 20.7%, MNC
in million Rupiah FY-2024 FY-2023 % Insurance at 9.5%, MNC Finance at 7.8%, MNC
Financial Position Sekuritas at 7.7%, MNC Leasing at 5.1%, MNC
Total Assets 29,455,830 25,863,812 13.9% Teknologi Nusantara at 1.5%, FM Digital Solution
Total Liabilities 22,283,273 18,860,818 18.1% at 0.9%, MNC Asset Management at 0.5%, and
Total Equity 7,172,557 7,002,994 2.4%
others at 0.9%.
1
Page 2
BUSINESS UPDATE
In 2024, BCAP secured an “idBBB+“ rating with a STABLE outlook from PT Pemeringkat Efek Indonesia (PEFINDO),
reflecting MNC Kapital’s strong financial standing, long-term financial obligations, and solid business outlook for
sustainable growth.
BCAP continues to expand its strategic partnerships, including its collaboration with PT BPD Jawa Barat dan Banten Tbk
or bank bjb. In August 2024, both parties signed a Memorandum of Understanding on the Utilization of Banking and
Financial Services Products, and also conducted a kick-off workshop on digital payments, banking, and insurance.
With cutting-edge technology and innovation, BCAP remains committed to developing the most comprehensive and
integrated digital financial ecosystem, focusing on three main business groups: banking, capital market, and insurance.
BANKING GROUP
PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, secured five prestigious awards, including accolades at
the driving force behind MNC Kapital’s business, delivered the 13th Infobank Digital Brand Awards 2024, Digital
a solid performance throughout 2024. One of the key Banking Awards 2024, and Visa Award 2024.
indicators of this growth was the expansion of MNC Bank’s
MNC Finance operates the MotionCredit app, offering fast
total assets, which surged 15.01% yoy from Rp18.15 trillion
financing solutions for vehicle and property refinancing,
to Rp20.87 trillion by the end of 2024. This increase was
expanding its reach across Indonesia. Meanwhile, MNC
fueled by Third-Party Funds (TPF) growth of 7.67% yoy,
Guna Usaha Indonesia or MNC Leasing provides flexible
rising from Rp13.40 trillion to Rp14.43 trillion. To optimize
and innovative asset financing solutions, focusing on
TPF, BABP rolled out various initiatives, including the
productive assets, particularly heavy equipment. In 2024,
Tabungan Dahsyat Berhadiah loyalty program, the high-
MNC Leasing was honored as The Best Performance
interest savings product Tabungan Motion Cuan, and the
Multifinance Company at the 20th Infobank Multifinance
securities account (RDN) service launched in July 2024.
Award 2024, further showcasing its commitment to
Meanwhile, loan disbursement grew 9.62% yoy, increasing delivering the best services in the non-bank financial
from Rp10.25 trillion to Rp11.24 trillion as of December 31, sector.
2024. BABP managed its loan disbursement effectively,
MNC Teknologi Indonesia or MTN manages MotionPay (e-
reducing the Net NPL ratio to 2.50% in 2024 from 2.63% in
money, e-wallet, and digital digital remittance) and Flash
the previous year. This achievement was also supported
Mobile (payment gateway). In 2024, MotionPay
by a robust Capital Adequacy Ratio (CAR) of 24.53% in
partnered with ALTO Network for QRIS Merchant
2024, well above the regulatory minimum threshold.
Presented Mode, collaborated with MP Store to integrate
MNC Bank’s strong growth was significantly driven by its QRIS MotionPay into MSMEs, and worked with Jalin for
digital banking services under MotionBank. In 2024, cross-border QRIS services in Singapore, Thailand, and
MotionBank was fully integrated with MNC Group’s Malaysia.
financial ecosystem, including MotionPay (e-money, e-
MotionPay also expanded its payment access by
wallet, and digital remittance), MotionCredit (digital
partnering with Kereta Api Indonesia and FamilyMart
financing), and MotionTrade (online trading).
Indonesia, as well as integrating Account Linkage with PLN
To enhance customer value and attract new clients, BABP Mobile, ESQ Leadership Center, and BPJS Ketenagakerjaan.
partnered with leading corporations, including Kereta Api Driven by the implementation of a strong B2B
Indonesia, FamilyMart Indonesia, Citilink Indonesia, and PLN partnership, MTN’s performance surged throughout 2024,
Icon Plus, to launch Co-Branding Credit Cards. with transaction volume reaching 199.9 million, an 88-fold
increase compared to 2023.
Demonstrating its commitment to innovation and
excellence in modern banking services, MNC Bank
2
Page 3
CAPITAL MARKET GROUP
MNC Sekuritas operates MotionTrade, one of Indonesia’s Editor’s Choice Award 2024 for Investment Product
best online trading platforms for stocks and mutual funds, Campaign of the Year, and the IDX Channel Anugerah
offering over 200 comprehensive and innovative Inovasi Indonesia 2024 for the Auto Invest feature
investment products, including Sharia-compliant options. innovation on the MotionTrade app, and many more.
In addition to stocks and mutual funds, MotionTrade also
MNC Sekuritas also expanded its mutual fund product
provides access to bonds, sukuk, structured warrants, and
marketing partnership with BRI Manajemen Investasi as a
other capital market derivative products. Driven by
mutual fund selling agent (APERD). By the end of 2024,
feature innovations and enhanced trust from retail
MNC Sekuritas had partnered with 34 leading Investment
investors, the number of MotionTrade users grew by 7.7%
Managers in Indonesia.
yoy in 2024, with total downloads rising by 12.2% yoy in
FY-2024. MNC Asset Management strengthened its brand identity
by launching MNC Mutual Funds and MNC Private Funds.
In 2024, MNC Sekuritas received numerous prestigious
Its partnerships with BNI Sekuritas and BRI Danareksa
awards, including the Euromoney Securities Houses
Sekuritas, two state-owned securities companies, are
Awards 2024 as the Best Retail Brokerage in Indonesia, the
expected to enhance investment accessibility and
Financial Literacy Award 2024 as the Most Active
expand market reach. MNC Asset Management remains
Securities Company from the Financial Services Authority,
committed to delivering optimal performance for clients
the IDX Investment Gallery Award 2024 as the Most
and driving the growth of Indonesia’s mutual fund
Active Member among IDX Investment Gallery Partner
industry.
from the Indonesia Stock Exchange, the Marketeers
INSURANCE GROUP
BCAP’s insurance business grew remarkably in 2024. With Multifinance. Furthermore, MNC Life actively pursued
a strategic upgrade, MNC Life and MNC Insurance innovation and collaboration with partners across various
delivered stellar results and a strong commitment to industries, including the digital gold investment platform
innovation and service development, further solidifying Treasury, beauty clinics, and high-end restaurants. MNC
their position in the national insurance industry. Life also garnered prestigious accolades, including the
Indonesia Best Life Insurance 2024 award from Warta
Focusing on strategic alliances and a B2B business model,
Ekonomi, the “Very Good“ predicate in Life Insurance
MNC Life and MNC Insurance present an extensive
category at The Finance Executive Forum & Top 20
product portfolio, covering credit life insurance, employee
Financial Institution Awards 2024, and the Excellent
benefits, bancassurance, and general insurance products,
Performance Life Insurance Company by Infobank.
including property, cargo, liability, and other risk coverage,
addressing the diverse needs of individuals and In the general insurance segment, MNC Insurance
businesses across Indonesia. partnered with PT Asuransi Jasaraharja Putera to enhance
product distribution by the end of 2024. MNC Insurance
MNC Life’s strong performance throughout 2024 was
was honored as the Best Performing General Insurance
reflected in its remarkable 108.6% growth in Gross Written
2024 by The Finance, along with multiple awards from
Premium compared to 2023. This achievement
esteemed institutions such as MAIPARK and Infobank,
underscores MNC Life’s unwavering commitment to
affirming its commitment to delivering superior general
preserving financial stability, fostering customer trust, and
insurance products and services.
cultivating strategic partnerships.
MNC Life continues to expand its Credit Life Insurance
services through partnerships with BNI, BRI, and Karunia
3
Page 4
For further information, please contact: PT MNC Kapital Indonesia Tbk
Gladys Levina MNC Bank Tower 21/F, MNC Center
gladys.levina@mncgroup.com Jl. Kebon Sirih Kav 21-27, Menteng
ir.bcap@mncgroup.com Central Jakarta 10340, Indonesia
Phone : +6221 2970 9700
www.mncfinancialservices.com
DISCLAIMER
By accepting this Press Release, you agree to be bound by the restrictions set out below. Any failure to comply with these
restrictions may constitute a violation of applicable securities laws.
The information and opinions contained in this Press Release have not been independently verified, and no representation or
warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or
correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this Press
Release as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business
prospects, properties or results of operations of The Company or its subsidiaries. The information and opinions contained in this
Press Release are provided as at the date of this presentation and are subject to change without notice. Neither The Company
(including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates,
advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or
completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising
from any use of this Press Release.
In addition, the information contained in this Press Release contains projections and forward-looking statements that reflect The
Company’s current views with respect to future events and financial performance. These views are based on a number of
estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as
well as various risks and these may change over time and in many cases are outside the control of The Company and its directors.
No assurance can be given that future events will occur, that projections will be achieved, or that The Company’s assumptions are
correct. Actual results may differ materially from those forecasts and projected.
This Press Release is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe
for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or
investment decision in relation thereto.
4
Names mentioned 11 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank MNC Insurance
p.1
unresolved
org
PT Pemeringkat Efek Indonesia
p.2
unresolved
org
PT BPD Jawa Barat
p.2
unresolved
org
Banten Tbk
p.2
unresolved
org
Financial Services Authority
p.3
unresolved
org
Indonesia Stock Exchange
p.3
unresolved
org
PT Asuransi Jasaraharja Putera
p.3
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.