31 Oct 2024
Solid Growth, MNC Bank’s Total Assets Surge by 11.26% in Q3-2024
Jakarta, October 31, 2024 – PT Bank MNC Internasional Tbk (IDX: BABP) or MNC Bank, a subsidiary of PT MNC Kapital Indonesia Tbk (IDX: BCAP) and part of MNC Group, has announced its financial statement for the third quarter of 2024 (Q3-2024). Amid a sluggish economic environment, MNC Bank achieved an impressive 11.26% year-on-year (yoy) increase in total assets, growing from Rp17.35 trillion in Q3-2023 to Rp19.31 trillion in Q3-2024. This growth was primarily driven by a strong 12.18% yoy jump in Third Party Funds (TPF), rising from Rp12.47 trillion in Q3-2023 to Rp13.98 trillion in Q3-2024. This TPF composition includes Rp11.15 trillion in time deposits, Rp1.88 trillion in savings, and Rp942 billion in current accounts.
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