PT Bank Pan Indonesia Tbk (Bank Panin) held an annual general meeting of shareholders (AGM) on Wednesday (22/2/2022) to report its audited 2021 performance. The AGMS approved the use of the company's 2021 net profit to be distributed as dividends to shareholders of at least IDR 481.6 billion after deducting treasury shares, or IDR 20 per share.
During 2021, the company managed to record a consolidated net profit after tax (NPAT) of IDR 1.82 trillion. Meanwhile, operating profit before reserves and taxes reached Rp 7.67 trillion or grew 15% compared to 2020.
Panin Bank President Director Herwidayatmo explained, Panin Bank continues to increase reserves to anticipate the decline in the quality of the bank's credit portfolio and subsidiary loans, by recording a reserve cost of Rp 5.25 trillion.
Overall, loans disbursed fell by 3.9% to Rp 124.84 trillion. However, credit in the institutional banking segment, 24.9 which 18.4 consists of trillion compared to the previous year of Rp 21.0 trillion.
“Loan growth in the corporate and commercial segments was slightly hampered amid slowing economic growth as a result of the Covid-19 pandemic, and the application of prudential principles to maintain the quality of the loan portfolio.
The bank's liquidity position was well maintained as reflected in an increase in demand deposits and savings accounts of 7.2% which is now recorded at Rp 60.5 trillion, so that the CASA ratio (low-cost funds) increased to 45.12% from 39.4%, the LDR position of 88 0.05% and NSFR reached 144%.
In terms of capital continues to be increased and has reached Rp. 45.4 trillion with dequacy capital a ratio a (CAR) which was also well maintained at 29.86%, an increase compared to the same period last year, which was 29.58%.
Bank Panin has succeeded in maintaining sound asset quality management through the implementation of a very careful and thorough risk assessment procedure as well as encouraging the recovery of restructured loans to return to normal. With these efforts, performing loans NPL - non ) can be maintained at a safe level.
NPL ratio gross slightly increased to a level of 3.54%, while the net was successfully maintained at the level of 0.95%. Bank Panin made continuous efforts to improve NPL through restructuring of non-performing loans, managing restructured loans to return to normal and smooth, and growth of current loans.
Meanwhile, the GMS accepted the appointments of Theodorus Wiryawan and Benny Luhur as commissioners of the company. Accordingly, the composition of the company's board of commissioners is as follows:
Board of Commissioners:
President Commissioner/Independent Commissioner: Nelson Tampubolon
Vice President Commissioner/Independent Commissioner: Lintang Nugroho
Commissioner : Chandra Rahardja Gunawan
Commissioner : Johnny
Commissioner : Gregory James Terry
Independent Commissioner : Drs H Riyanto
Independent Commissioner : Theodorus Wiryawan*)
Commissioner : Benny Luhur*)
*) Effective after obtaining approval from OJK
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