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Danamon may launch Rp 3t bonds in November
JAKARTA: The sixth largest bank by assets, Bank Danamon Indonesia might launch Rp 3 trillion (US$330 million) in bonds in the third week of November to spur loan growth to as much as 20 percent next year, the lender’s executive said Tuesday
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J
AKARTA: The sixth largest bank by assets, Bank Danamon Indonesia might launch Rp 3 trillion (US$330 million) in bonds in the third week of November to spur loan growth to as much as 20 percent next year, the lender’s executive said Tuesday.
“The bonds have nothing to do with capitalization, but it will be used to support Danamon’s long-term targets,” chief financial officer Vera Eve Lim told reporters at a press conference on Danamon’s third-quarter financial performance.
By September of this year, Danamon’s capital adequacy ratio stood at 16.4 percent, while its loan growth reached 25 percent, surpassing its full-year target of 20 percent.
The lender had Rp 77.37 trillion in outstanding loans up to the third quarter of this year versus the same period last year at Rp 62.15 trillion.
Danamon’s net interest income reached Rp 8.34 trillion, a 21 percent increase compared to last year, while net profit rose 61 percent to Rp 2.2 trillion in the first nine months from Rp 1.36 trillion in the same period, last year. — JP
