Bank Rakyat Net Profit Falls 16% YoY to Rp6.9 Trillion, First Quarter 2021


PT Bank Rakyat Indonesia (Persero) Tbk recorded a 16% decrease in consolidated net profit from March 31, 2021, to Rp6.86 trillion from Rp8.17 trillion in the same period last year.

Based on the financial reports published on Tuesday (25/5), the low net profit achievement was due to increased other operating expenses by around 28.94% to Rp14.68 trillion from Rp11.38 trillion.

One of the causes of the increase in other operating expenses was the decrease in the value of financial assets, which jumped 29.21% to Rp8.46 trillion from Rp6.55 trillion. 

Nevertheless, the company increased net interest income and net premium income by around 9.87% YoY to Rp23.65 trillion from Rp21.53 trillion.

Meanwhile, BRI lending was booked at Rp914.20 trillion as of the end of March this year or grew 1.64% from last year's position of Rp899.47 trillion.

Third-party funds (DPK) fell 6.40% to Rp1,049 trillion from last year's position of Rp1,1



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