In 2020, BTN Occupied First Place, Net Profit Growth in The 10 Largest Banks PT Bank Tabungan Negara Tbk (BTN) is ranked first of the 10 largest banks in terms of assets in the country in terms of net profit growth in 2020. This is based on banking statistics published by the Financial Services Authority (OJK) December 2020 edition.Based on the OJK data, the total net profit of commercial banks was recorded at IDR 104.71 trillion in 2020. This amount is down 33.08% compared to 2019 which amounted to IDR 156.48 trillion.

The drop in banking net profit is inseparable from the efforts of banks to increase the allowance for impairment losses (CKPN) in anticipation of non-performing loans due to the Covid-19 pandemic.Bank BTN is in first place, because the growth in net profit of the bank which focuses on the housing sector was recorded at 664.59%.

Until the end of 2020, Bank BTN’s net profit was recorded at Rp1.60 trillion, surging from the previous 2019 amounting to Rp.209.26 billion.In second place, occupied by PT Bank Pan Indonesia Tbk (PNBN) with a net profit growth of 0.32%. Until the end of December 2020, PNBN managed to book a net profit of Rp. 3.07 trillion, up slightly compared to the same period in 2019 of Rp. 3.06 trillion.In the third position, occupied by PT Bank Central Asia TBK (BCA), which last year its net profit contracted only 3.63% to Rp26.27 trillion compared to 2019 Rp27.26 trillion.

Meanwhile, the fourth position was achieved by PT Bank BTPN Tbk (BTPN) whose net profit fell 12.57% to IDR 1.39 trillion at the end of 2020 compared to the same period in 2019 IDR 1.59 trillion.Then PT Bank OCBC NISP Tbk was in fifth position with net profit eroded 24.76% to IDR 2.3 trillion in 2020 from IDR 3.23 trillion in 2019. Furthermore, in the sixth position there is PT Bank Mandiri (Persero) Tbk (BMRI) which recorded a net profit of IDR 14.15 trillion in 2020. This net profit decreased 44.37% compared to the acquisition in 2019 of IDR 25.44 trillion.

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Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) is in seventh position with net profit growth contracting 45.34% to IDR21.15 trillion in 2020 compared to 2019 position of IDR38.70 trillion.Then in eighth place there is PT Bank CIMB Niaga Tbk (BNGA), which at the end of 2020 its net profit landslide 47.41%. Until the end of last year, CIMB Niaga’s net profit was IDR 1.83 trillion, a decrease compared to 2019 which was IDR 3.48 trillion.

The ninth position is occupied by PT Bank Danamon Indonesia Tbk (BDMN) whose net profit in 2020 was IDR 1 trillion, a drop of 72.97% from the position in 2019 of IDR 3.7 trillion. And finally in position 10, there is PT Bank Negara Indonesia (Persero) Tbk (BBNI), which throughout 2020 its net profit has decreased by 81.17% to IDR 2.75 trillion from the acquisition in 2019 worth IDR 14.61 trillion. (Ade)

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