Director of BJBR's IT, Treasury & International Banking Rio Lanasier cited an example of the Pasar Nga-Digi campaign launched by the bank in 2019 in which citizens can shop from their homes using BJBR's Quick Response Code Indonesian Standard (QRIS) payment system.
In a statement here on Monday, he remarked that the QRIS innovation had aided BJBR's performance from 2020 to 2021.
"We have been ready before this (the pandemic). Plenty of digital innovations had been implemented," he noted.
By continuing this digital transformation, Lanasier expressed hope that it would attract citizens that would increase BJBR's customer base, thereby also improving the bank's performance in future.
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Meanwhile, senior analyst at CSA Reza Priyambada observed that BJBR's performance was quite positive since its revenue and profits had increased throughout the first semester, and it was supported by a boost in credit.
According to financial reports as of June-end of 2021, BJBR had clocked a consolidated net profit of Rp924.42 billion, a 14.42-percent increase as compared to Rp807.92 billion recorded during the first semester of 2020.
The growth in profit was supported by a 7.85-percent (yoy) increase in interest revenue to reach Rp6.48 trillion.
The bank had also managed to handle interest expenses, thereby resulting in a reduction of 5.05 percent (yoy) to Rp2.78 trillion.
Hence, the net interest revenue rose by 20.14 percent (yoy), from Rp3.08 trillion to Rp3.69 trillion.
Echoing Priyambada's view, capital market analyst and an economist from LBP Institute Lucky Bayu Purnomo projected that BJBR's stock will grow stronger until the end of this year.
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