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State-owned Banks Lose Profits Over Debt Write-Offs

Monday, April 7, 2025

Profit growth at state-owned banks is slowing down. It is hampered by the small-business loan write-off program.

arsip tempo : 174565170960.

Prospective debtors participate in a mass agreement for the Home Ownership Credit program of the National Savings Bank (KPR BTN) at Pondok Taktakan Indah Housing Complex, Serang City, Banten, December 12, 2024. Antara/Angga Budhiyanto. tempo : 174565170960.

THERE is an anomaly in the financial performance of the four banks under the Association of State-Owned Banks (Himbara), at the end of 2024. In December 2024, the average profit growth of Himbara banks was recorded at just 2.08 percent. This figure is only one-tenth of the growth rate in 2023, which reached 22.86 percent. According to Mochammad Doddy Ariefianto, a banking expert and lecturer at Bina Nusantara University in West Jakarta, this situ

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Ghoida Rahmah

Bank Mandiri BTN MSMEs Bank Rakyat Indonesia Himbara Banking Industry Bank Negara Indonesia state-owned banks
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