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• Amidst the multi-dimensional challenges in 2020, Bank OCBC NISP recorded a growth in profit before tax of 12%, while total Deposits, Assets and Loans each grew by more than 5%
• While prioritizing the safety and health of employees and customers, Bank OCBC NISP ensures the continuity of service and operations by strengthening #BankingFromHome solution, through the launch of Velocity Mobile which enables SME businesses to transact anywhere for 24 hours
Jakarta. April 29th, 2020 – On April 4th, 2020, Bank OCBC NISP celebrates its 79 years of presence in providing the banking needs of Indonesians. With Tidak Ada Yang Tidak Bisa or No Such Things as Can't ethos, Bank OCBC NISP has been able to overcome numerous challenges and to actively provide relevant banking solutions aligned with the evolving needs of customers. The Bank’s long experience serves as a solid foundation to face slowdown and challenges from COVID-19 pandemic which are impacting all industries and sectors.
In the first quarter of 2020, Bank OCBC NISP recorded a net profit of Rp791 Billion, increased from Rp765 Billion in 1Q2019 while growth of profit before tax reached 12.1% YoY to Rp1.1 Trillion. The Bank’s total assets grew 7.8% to Rp191.5 Trillion at the end of 1Q2020 from Rp177.5 Trillion at 1Q2019. Amidst various business operational changes and adjustments caused by the COVID-19 pandemic, Bank OCBC NISP maintains its intermediation function with Total Deposits growth of 5.2% YoY to Rp137.4 Trillion from Rp130.5 Trillion 1Q2019. Meanwhile, the Bank’s loans disbursement amounted Rp123.9 Trillion in the first quarter of 2020, grew 5.4% from Rp117.5 Trillion in the first quarter of 2019. The intermediation function has been prudently managed as reflected through net NPL (non-performing loan) ratio at 0.9% and gross NPL at 1.8%. In this challenging condition, bank’s liquidity is well maintained with LDR of 89.9% and LFR of 87.3%.
Nevertheless, COVID-19 pandemic has brought massive disruptions to various sectors, including the financial sector, from bank operation and services to how customers manage their finances. The implementation of large-scale social restrictions in several regions has changed the behaviors, lifestyles and digital technology utilization for most Indonesians, including the way people conduct their banking activities.
"The spread of COVID-19 cases in Indonesia compelled Bank OCBC NISP to adapt in order to sustain the Bank's operation. We also continue to ensure the implementation of the Bank’s strategy to focus on increasing non-interest income and operating efficiency as well as maintaining credit quality. Furthermore, Bank OCBC NISP is confident that the Bank's 79 years of experience in overcoming numerous crisis and consistency in the implementation of prudent banking principles will serve as solid foundation for the Bank to maintain healthy and sustainable performance. With the Bank’s financial strength maintained in the first quarter of 2020, which was reflected by its capital adequacy ratio at 18.8% and also the availability of funds to meet its obligations (Liquidity Coverage Ratio) at 156.2%, we are ready to support our customers and the society to overcame this challenging condition,” explained Parwati Surjaudaja, President Director of Bank OCBC NISP.
Amidst the implementation of large-scale social restrictions in several regions in Indonesia, Bank OCBC NISP continues to expand and improve the effectiveness of Working from Home implementation, which has reached more than 80% for employees at the head office and more than 70% for employees at branch offices. Bank OCBC NISP has also consolidated its services in certain regions and temporarily closes almost 45% of its branch offices. Nevertheless, Bank OCBC NISP still strives to provide excellent service for customers by strengthening the #BankingFromHome service through ONe Mobile application for individual customers and Velocity for corporate customers. "Especially for corporate customers, Velocity which previously was only available through internet banking channel, is now available through mobile application as well, effective from April 20th, 2020. Velocity Mobile provides the business owners another alternative channel for transaction and account operations," explained Parwati.
Furthermore, in line with the Bank's commitment for mutual growth with Customers, Bank OCBC NISP also supports the Government policies as outlined in the Financial Services Authority Regulation No. 11 / POJK.03 / 2020 concerning the National Economic Stimulus, to participate in a relaxation program for customers impacted by COVID-19 in accordance with the prevailing provisions and policies while adhere to prudent banking principles. Bank OCBC NISP also actively engage and discussed with customers, especially SME entrepreneurs, on the business impacts and relaxation programs that can be utilized by business owners.
"While we are yet to ascertain how deep and long the COVID-19 pandemic will impact Indonesia economy, Bank OCBC NISP is committed in carrying out its role by ensuring sustainable banking services to support Indonesian economy. In addition to strengthening various banking solutions, Bank OCBC NISP also invites its customers and the society to better understand the economic conditions and opportunities through various financial discussions with experts at #TAYTBLiveTalks. Through this live event which is available every Monday and Wednesday during lunch hour through @ocbc_nisp Instagram account, audiences will get sharing tips on personal financial management and investments advices to maximize their finances through this challenging situation. We hope that the #TAYTBLiveTalks program can inspire everyone to remain productive," concluded Parwati.
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About Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Bank Deposit. By the end of 2019, Bank OCBC NISP serves its customers through 283 office networks in 57 cities in Indonesia, equipped with 669 Bank OCBC NISP ATM units that can be accessed in more than 195,300 ATM networks in Indonesia, as well as connected with more than 766 OCBC ATM networks Groups in Singapore and Malaysia. Bank OCBC NISP also serves its customers through digital channels, including mobile banking and internet banking, both for individual and corporate. Bank OCBC NISP received an idAAA (stable) rating from PT Pemeringkat Efek Indonesia (PEFINDO) and AAA (idn) / stable from PT Fitch Ratings Indonesia.
Bank OCBC NISP
Corporate Communication Division
OCBC NISP Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel: 021- 25533888; Fax: 021-57944000
corporate.communication@ocbcnisp.com
Website : www.ocbcnisp.com
Aleta Hanafi
Division Head
aleta.hanafi@ocbcnisp.com,
Mobile: 62-8119860068
Duhita Rahma Mahatmi (Gandis)
Public Relations & CSR
duhita.mahatmi@ocbcnisp.com
Mobile: 62-8111071069
Masniar Hutajulu
Public Relations
masniar.hutajulu@ocbcnisp.com
Mobile: 62- 85218211636
