Bank Neo Commerce (BNC), listed as BBYB, reported a significant financial turnaround in Q3 2024, recording a net profit of IDR 4.06 billion. This marks a pivotal recovery after three consecutive years of losses. The improved performance is attributed to strategic operational adjustments, including cost efficiency measures and partnerships aimed at expanding its credit portfolio.

In November 2024, BNC strengthened its collaboration with Gadai Mas Group, a pawnbroking platform, by increasing credit disbursements by IDR 135 billion. This raises the total credit facilitated through this partnership since 2023 to IDR 277 billion. Additionally, a new partnership with Topas Multi Finance was established, aimed at diversifying BNC’s lending channels and catering to broader customer segments. These collaborations underline BNC’s focus on providing innovative financial solutions that align with evolving customer needs.

CEO Eri Budiono emphasized BNC’s commitment to driving financial inclusion through digital transformation. The bank has consistently worked on building an open ecosystem, engaging with fintech, e-commerce platforms, and other financial institutions. This approach not only fosters innovation but also strengthens BNC’s position as a reliable digital banking service provider. By focusing on quality over quantity, the bank ensures sustainable growth while maintaining a low non-performing loan (NPL) ratio, crucial for long-term stability.

The credit portfolio has also seen remarkable growth, with disbursements to corporate segments reaching IDR 2.31 trillion as of September 2024, reflecting an 88.01% increase from the same period in 2023. This surge demonstrates BNC’s strategic shift towards supporting productive sectors while adhering to prudent risk management practices.

Through these efforts, BNC aims to consolidate its position as a leading player in Indonesia’s digital banking landscape. The focus remains on providing accessible, efficient, and innovative services to a growing customer base, contributing to the nation’s financial inclusivity goals.

INVESTOR.ID