OCBC Indonesia Wrapped Its 2023 Financial Year with 23% Increase in Net Profit

30 Jan 2024

OCBC Indonesia Wrapped Its 2023 Financial Year with 23% Increase in Net Profit

Jakarta, January 30, 2023 – Publicly listed PT Bank OCBC NISP Tbk (OCBC Indonesia), today announced that the bank ended 2023 with solid performance, with net profit of IDR4.1 trillion, an increase of 23% compared to IDR3.3 trillion last year. Furthermore, the Bank's capital adequacy ratio (CAR) has remained strong at 23.7%, well above the minimum requirement.

Parwati Surjaudaja, President Director of OCBC Indonesia, said, “We ended the year with solid set of results. Our positive performance was driven by a 12% YoY credit growth with well-maintained credit quality. As a result, ROE ratio went up to 12.0% in the end of 2023, and the Bank recorded total asset of IDR250 trillion.”

Key Financial Performance as of 31 December 2023
in IDR trillion, except %
Description 2023 2022 ∆% YoY
Net Income 4.09 3.33 23%
Total Assets 250 239 5%
Loans - gross 154 138 12%
Deposits 182 176 3%

Bank’s liquidity is healthy with Liquidity Coverage Ratio (LCR) of 206.2%, above regulatory requirements.

Total Third-Party Funds reached Rp182 trillion with a CASA ratio of 55.8%. The amount of savings experienced a growth of 14.6% YoY.

The number of transactions through e-channel has successfully recorded a growth of 32% YoY. Additionally, the number of active users of internet banking and OCBC Mobile increased by 26% compared to 2022.

In December 2023, OCBC Indonesia also received affirmation from Fitch Ratings Indonesia with National Long-Term Rating at 'AAA(idn)/Stable', denoting the highest rating assigned by the agency in its National Rating scale for that country.

Parwati added “2023 marked a significant milestone as we did not only achieve positive and sustainable performance but also significantly enhance our commitment by rebranding to OCBC. This transformation solidifies our dedication to providing comprehensive financial services, leveraging the synergies within the OCBC Group and combining them with our local strength.”

The Bank’s commitment in providing comprehensive financial solution for customers has been recognized by various international and national awards, including The Bank of the Year-Indonesia by The Banker Magazine, a part of the Financial Times Group for the sixth times in a row.

Factsheet of financial performance and ratios as of 31 December 2023, attached.

About OCBC Indonesia
PT Bank OCBC NISP Tbk ‘OCBC Indonesia’ was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. Over its 82 years of journey, the Bank has undergone several name changes, from 'Bank NISP' to 'Bank OCBC NISP', and 'OCBC' on November 14, 2023. As of December 31, 2023, OCBC Indonesia serves customers through 199 office networks in 54 cities in Indonesia. Furthermore, customers could conduct transaction through the Bank's 496 ATM, more than 90,000 ATM networks in Indonesia, and connected to more than 600 OCBC Group ATM networks in Singapore and Malaysia. OCBC Indonesia also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. OCBC Indonesia is one of the banks with the highest credit ratings in Indonesia, namely AAA(idn)/stable from PT Fitch Ratings Indonesia.

Aleta Hanafi
Division Head
Mobile: 62-8118725945
Chandra Novita
Mobile: 62-8111071069
Nadya Maharani
Mobile: 62-8119812329
Novi Henriatika
Mobile: 62-8119812329

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