Heaptalk, Jakarta — Krom Bank recorded a net profit of US$6.7 million, approximately Rp107.13 billion, marking a 9.54% year-over-year increase. This positive performance, reflected across various financial metrics, underscores the bank’s resilience and aims to bolster public confidence in Krom Bank as a reliable financial institution.
In more detail, this Kredivo Group’s subsidiary’s financial performance is evident in its Third-Party Funds (DPK) growth, which surged by 541% (ytd), from Rp347.5 billion in December 2023 to Rp2.22 trillion in September 2024. This growth was primarily driven by savings and deposits, with savings increasing by 596% (ytd) from Rp43.3 billion to Rp301.5 billion and deposits rising by 543%, from Rp298.5 billion to Rp1.92 trillion in the same period. Current accounts (giro) also grew by 15.62% (ytd), from Rp5.7 billion in December 2023 to Rp6.7 billion in September 2024.
“With a focus on digital innovation and relevant service solutions, Krom Bank is well-positioned to enhance competitiveness and stakeholder confidence, reinforcing our commitment to becoming Indonesia’s leading digital bank.”
Regarding total assets, Krom Bank reported a substantial 56.48% (ytd) increase, reaching Rp5.69 trillion by September 2024, up from Rp3.63 trillion in December 2023. This growth was bolstered by an impressive 113.89% increase in credit disbursement, which rose from Rp1.68 trillion in December 2023 to Rp3.25 trillion as of September 2024.
In light of these accomplishments, Krom Bank has maintained a solid capital structure with a Capital Adequacy Ratio (CAR) of 101.38%, reflecting its capacity to support future business expansion. The bank aims to leverage this solid capital base to enhance loan disbursements and profitable investments while ensuring CAR remains within healthy limits for sustainable growth.
Strategic Measures of Krom Bank in 2025
Building on its achievements through Q3 2024, Krom Bank is setting a strategic focus for 2025 on capital strengthening and synergy with Kredivo, its ultimate controlling shareholder. This collaboration is anticipated to enhance adaptive, digitally-driven product and service offerings in line with evolving market needs.
“We remain disciplined in managing business growth to meet our year-end 2024 targets, supported by a strong liquidity position and solid capital structure. Moving forward, the company will continue to innovate with products and services that meet customer needs,” added Anton Hermawan.
