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.