Investor Presentaiton
Because high OPEX puts pressure on profitability
Cost Efficiency Ratio (%), 2022
Cost of Credit (%), 2022
BTPN
BTPN
63.2
Bank Negara Indonesia
42.6
Bank Negara Indonesia
1.5
Bank Rakyat Indonesia
41.33
Bank Rakyat Indonesia
Bank Mandiri
Bank Mandiri
38.19
Bank Central Asia
Bank Central Asia
0.7
33.9
40.4%
30.1%
1.26%
APAC average
Bank of China
Best in class
APAC average
Source: Industry reporting, annual reports, investor presentation, twimbit analysis
Note: Figures for BTPN pertain to FY21 whereas figures for other banks pertain to FY22
ICT to Revenue (%), 2022
2.5
BTPN
Bank Negara Indonesia
2.8-3
1.9
Bank Rakyat Indonesia
2.8-3
1.8
Bank Mandiri
2.4-2.8
0.68%
Bank Central Asia
3.85%
9.3%
Bank of China
Best in class
APAC average
DBS
Best in class
2.8-3.3
4.41
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