business

Bank Aladin Syariah Achieves A 111% Increase In Total Revenue, Proving Its Solid Performance

As a leading digital Islamic bank, PT Bank Aladin Syariah Tbk. (“Bank Aladin Syariah”) has been consistently showing solid performance growth up to Q2 2024 by continuously innovating in both gathering Third Party Funds (DPK) and providing financing. By Q2 2024, Bank Aladin Syariah reported total bank revenue of IDR 320 billion, which is a 111% increase compared to the first half of 2023. On the DPK side, the bank reached IDR 4.7 trillion, up 44% from December 2023. In terms of financing, the bank recorded outstanding financing of IDR 4 trillion in Q2 2024, a 29% increase from December 2023. The total assets of the bank reached IDR 8.3 trillion in Q2 2024, marking an 18% rise from December 2023. Firdila Sari, the Director of Bank Aladin Syariah, stated, “Bank Aladin Syariah remains focused on meeting customer needs through banking products that are close to the community, such as cash deposit and withdrawal services (Tarsetun) and QRIS, which are continuously expanded and available at over 20,000 Alfamart and Alfamidi outlets, along with network expansion at Lawson and DAN+DAN across Indonesia.” The bank has also launched a retail deposit product accessible directly through the Aladin app called Ala Deposito, making it easier for customers to manage their finances according to their needs and deposit terms. Additionally, Bank Aladin introduced a new product called Ala Gen, designed to provide financial transaction solutions for children and teenagers, allowing them to learn about money management and saving from an early age while parents can still monitor and control through the Aladin app.

Bank Aladin Syariah is continuously collaborating through partnerships with various partners to expand banking services, one of which is with Banking as a Service (BaaS) connecting Bank Aladin Syariah's system with partners through Application Programming Interface (API).

Currently, BaaS collaboration has been carried out with Alfagift for Alfamart customers to make shopping payments and banking transactions easily by connecting directly to the Bank Aladin Syariah app," Firdila continued.

The bank continues to prioritize Sharia principles, prudence, and Good Governance. This can be seen from the good quality of bank financing with a maintained Non-Performing Financing (NPF) ratio at 0%.

Bank Aladin Syariah will continue to be ready to drive business expansion with new breakthroughs that are close to people's daily lives and continue to expand Sharia financial inclusion in Indonesia.

---

Tag: Bank Aladin Syariah