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20241031_BABP_Laporan Informasi dan Fakta Material_31751237_lamp1.pdf
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Solid Growth, MNC Bank’s Total Assets
Surge by 11.26% in Q3-2024
Jakarta, October 31, 2024 – PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, a subsidiary
of PT MNC Kapital Indonesia Tbk (IDX: BCAP) and part of MNC Group, has announced its financial
statement for the third quarter of 2024 (Q3-2024). Amid a sluggish economic environment, MNC
Bank achieved an impressive 11.26% year-on-year (yoy) increase in total assets, growing from
Rp17.35 trillion in Q3-2023 to Rp19.31 trillion in Q3-2024. This growth was primarily driven by a
strong 12.18% yoy jump in Third Party Funds (TPF), rising from Rp12.47 trillion in Q3-2023 to
Rp13.98 trillion in Q3-2024. This TPF composition includes Rp11.15 trillion in time deposits, Rp1.88
trillion in savings, and Rp942 billion in current accounts.
On the lending front, MNC Bank successfully maintained steady credit distribution despite
challenging economic and interest rate conditions. Loan disbursements grew moderately by
8.04%, from Rp10.04 trillion in Q3-2023 to Rp10.85 trillion in Q3-2024. The wholesale banking
segment led with Rp6.65 trillion, followed by Rp2.03 trillion in multifinance, Rp786 billion in
mortgages, Rp580 billion in implant banking, Rp432 billion in credit cards, and Rp368 billion in
Micro, Small, and Medium Enterprises (MSMEs). Despite various challenges, MNC Bank achieved a
notable result with a net profit of Rp49.47 billion in the third quarter of 2024.
BABP Financials Highlights Q3-2024
in million Rupiah Q3-2024 Q3-2023
Profit and Loss
Revenues
Interest Revenues 1,029,717 975,792
Interest Expenses 632,259 513,027
Interest Revenues - Net 397,458 462,765
Income Before Tax 63,524 81,021
Net Profit 49,468 57,969
Earnings per share (in full Rupiah) 1.32 1.98
in million Rupiah Q3-2024 Q3-2023
Financial Position
Total assets 19,305,947 17,352,458
Total liabilities 15,667,141 13,790,407
Total equity 3,638,806 3,562,051
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This growth is reinforced by sound financial ratios in Q3-2024, highlighting MNC Bank’s robust
capital structure. The Minimum Capital Adequacy Ratio (CAR) reached 27.55%, a strong indicator,
placing MNC Bank above the average ratio required by regulators.
Rita Montagna, President Director of MNC Bank, stated that the rise in assets reflects the
significant public trust in MNC Bank. “We have successfully gained public trust in placing their
funds with MNC Bank, as evidenced by the solid growth in our TPF composition, positively
impacting our total assets“.
"We also aim to increase MNC Bank's total assets to Rp22 trillion by the end of 2024. We are
confident that this target can be achieved, given our current total assets of Rp19.31 trillion. For
2025, we are optimistic about further growing our total assets to Rp30 trillion through various
liquidity-driven programs and business plans“.
To achieve these targets, MNC
Bank has undertaken several
initiatives. Aggressive acquisition
of low-cost TPF has been achieved
through the Tabungan Dahsyat
Berhadiah loyalty program.
Additionally, MNC Bank also
maximizes its Customer Fund
Account (RDN) services to capture
funds from capital market
investors. On the lending side,
MNC Bank remains focused on
optimizing credit disbursement
through the commercial sector, with a particular emphasis on the wholesale and consumer
credit segments, all while maintaining prudent risk management.
With the MotionBank digital banking application, MNC Bank continues to expand its business by
increasing partnerships. This partnership strategy not only enhances brand value and diversifies
products and services but also effectively boosts transaction volumes, driving the overall
growth of MNC Bank’s performance.
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About MNC Bank
PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, is a subsidiary of MNC Kapital that
engages in full-service banking activities.
MNC Bank offers digital and conventional banking products and services, including savings
accounts, loan facilities, debit and credit cards, treasury, trade finance, and RDN, focusing on
consumer, wholesale, and MSME segments. MNC Bank also provides digital banking services
through the MotionBank application and continuously innovates to become a future-ready bank
based on cutting-edge technology.
For more information about MNC Bank, kindly reach out to the MNC Bank Call Center at
1500188 or MotionBank Customer Service via WhatsApp chat at 08888888888, visit
www.mncbank.co.id and www.motionbank.id, and follow MNC Bank's official social media
accounts, @officialmncbank and @motionbankid on Instagram, MNC Bank on Facebook dan
@MNCBank on X.
Enjoy MNC Bank's digital banking services by downloading the MotionBank app on the Play
Store or App Store via the link bit.ly/MotionBankMNC.
For further information, please contact:
Heru Sulistiadhi
Corporate Secretary
Email: heru.sulistiadhi@mncbank.co.id
PT Bank MNC Internasional Tbk
MNC Bank Tower 8/F, MNC Center
Jl. Kebon Sirih Kav 21-27, Menteng
Central Jakarta 10340, Indonesia
Phone : +6221-29805555
www.mncbank.co.id
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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.
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