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Bank Permata books Rp 837b net profit
Publicly-listed Bank Permata booked Rp 837 billion (US$61
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ublicly-listed Bank Permata booked Rp 837 billion (US$61.9 million) in net profits during the first semester of 2015, up by 5 percent from Rp 801 billion in the same period of last year.
'Bank Permata remains in a healthy condition, with a good liquidity and capitalization. We are certain that the bank is now in a good position to face ongoing economic challenges and their possible impact on its credit portfolio,' Bank Pertama's finance director Sandeep Jain said as quoted by Antara news agency in a statement in Jakarta on Thursday.
Bank Permata recorded an improved work performance in the midst of Indonesia's unstable macroeconomic condition which has been beset with challenges during the six-month period which ended on June 30.
The bank's total operational income was up by 21 percent to Rp 4.23 trillion, pushed by increases in its net interest income and fee-based income.
The bank says its net interest income grew to Rp 3.13 trillion in the first quarter of 2015 from Rp 2.69 trillion in the previous year, pushed by improved net interest margins.
Meanwhile, the bank's fee-based income was up to Rp 1.1 trillion from Rp 815 billion in 2014, supported by good performances in Bancassurance, trade finance, treasury activities and positive impacts from its capital injection into PT Astra Sedaya Finance (ASF).
Despite the ongoing economic slowdown in the country, the amount of Bank Permata's total assets reached Rp 187 trillion by June 30, up by 5 percent year-on-year (yoy) from Rp 177 trillion in the previous year. Meanwhile, its credit, including Sharia financing, grew by 2 percent yoy to Rp 130 trillion by the end of June, supported by small and medium enterprise businesses and local segments as well as middle market corporate consumers who were supported by trade finance and loan products. (ebf)(+++)
