PT Super Bank Indonesia (SUPA) Q2 2024 earnings summary

Executive summary

• Achieved strong growth in Q2 2024, with significant increases in customer base, third-party funds, and quality loan distribution, supported by strategic partnerships and digital transformation initiatives.

Financial highlights

• Third-party funds (DPK) rose 71% year-over-year to IDR 993.98 billion by end of June 2024, driven by a 264% increase in CASA to IDR 659.08 billion.

• Total assets reached IDR 6.74 trillion, up 63% year-over-year.

• Loan distribution grew 195% year-over-year to IDR 3.74 trillion.

• Net interest income increased 86% year-over-year to IDR 246.63 billion.

• Net interest margin (NIM) improved to 8.14% in Q2 2024 from 7.08% in Q2 2023.

Outlook and guidance

• Ongoing digital service transformation and strategic partnerships are expected to drive further growth and business scale expansion.