In 2023, PT Bank Victoria International Tbk (BVIC) experienced a notable decrease in net profit compared to the previous year. The net profit for the full year of 2023 amounted to Rp 101.82 billion, marking a significant decline from Rp 226.17 billion recorded in 2022. This decline can be attributed to a decrease in interest and Sharia income, which fell to Rp 578.73 billion by the end of 2023 from Rp 733.38 billion in 2022.
Despite the decline in net profit, operational expenses also decreased to Rp 658.02 billion in 2023 from Rp 699.52 billion in 2022. Consequently, the company's operational profit saw a significant decrease, dropping to Rp 174.07 billion in 2023 from Rp 414.07 billion in 2022.
On the top-line side, BVIC's total assets increased to Rp 29.62 trillion as of December 31, 2023, from Rp 25.93 trillion at the end of 2022. Similarly, total liabilities increased to Rp 25.8 trillion in 2023 from Rp 22.23 trillion in 2022. The company's total equity also rose to Rp 3.8 trillion by the end of 2023, compared to Rp 3.7 trillion in 2022.
Furthermore, BVIC's loan disbursement in 2023 showed an increase, reaching Rp 18.63 trillion throughout the year compared to Rp 15.29 trillion disbursed in 2022. Third Party Funds (DPK) also witnessed an increase, amounting to Rp 22.43 trillion in 2023, up from Rp 19.37 trillion in 2022.
BVIC's core capital, which increased organically, reached Rp 3.29 trillion as of December 31, 2023, compared to Rp 3.2 trillion in 2022.
In alignment with the bank's strategic direction and policies, key financial ratios are consistently maintained at healthy levels. The Minimum Capital Adequacy Ratio (CAR) remains above 19%, precisely at 19.95%.
Additionally, the ratio of problem loans, indicated by the gross and net Non-Performing Loan (NPL) ratios, improved by the end of 2023 compared to 2022. The gross NPL ratio decreased to 3.99%, while the net NPL ratio decreased to 3.24%, down from 4.23% and 3.42%, respectively, in 2022.
Overall, despite the decrease in net profit, BVIC demonstrates resilience and sound financial management, with efforts to maintain healthy financial ratios and support continued growth.