Jakarta, August 1, 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 (IDX: BHIT), has released its unaudited financial statements for the first half of 2024, showcasing positive growth across several aspects. MNC Bank’s total assets reached Rp18.20 trillion, a 7.97% year-on-year (yoy) increase from Rp16.86 trillion in June 2023. It aligns with the 11.95% yoy surge in Third-Party Funds (DPK) to Rp13.78 trillion, comprising Rp10.83 trillion in deposits, Rp1.99 trillion in savings, and Rp958 billion in current accounts for Q2-2024. This rise in DPK reflects the growing public trust in MNC Bank. Moreover, amidst a generally stagnant macroeconomic condition, BABP’s credit distribution improved by 0.81% yoy to Rp10.61 trillion at the end of June 2024, dominated by the wholesale banking segment at Rp6.71 trillion, followed by multifinance at Rp1.65 trillion, mortgage at Rp861.88 billion, implant banking at Rp585.61 billion, credit cards at Rp425.90 billion, and Small and Medium Enterprises (SMEs) at Rp377.34 billion.

In terms of profit and loss, MNC Bank’s interest revenues strengthened by 7.75%, rising from Rp631.55 billion in Q2-2023 to Rp680.53 billion in Q2-2024. Concurrently, interest expenses climbed by 26.81% yoy, reaching Rp396.54 billion as of June 30, 2024, driven by the jump in Bank Indonesia’s benchmark interest rate. MNC Bank recorded a net profit of Rp29.48 billion in the first semester of 2024.