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View all search resultsUOB Indonesia lends Rp45 trillion in Q1
Private lender PT Bank UOB Indonesia ('UOBI') loan growth of Rp 44
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P
rivate lender PT Bank UOB Indonesia ('UOBI') loan growth of Rp 44.75 trillionin Q1, a 10.6 per cent increase on thecorresponding period last year.
'UOBI's loan growth has driven an increase in most of the Bank's financial ratios in the first quarter," said UOBI president director Armand Arief.
Among those ratios are the bank's return on assets ratio at 2.4 percent, return on equity ratio at 14.9 percent and net interest margin ratio at 4.6 percent.
UOBI's balance sheet shows a net profit of Rp 306 billion, mainly from fee-based income.
'The bank focused on maintaining its liquidity in the first quarter,' said Armand.
The bank has reduced its gross non-performing loans to 1.71 percent, far below Bank Indonesia's maximum limit of 5 percent, while loans-to-deposit ratio was 91.5 percent. UOBI secured an increase of Rp7.7 trillion in third-party funds and a capital adequacy ratio of 17.4 percent (well above the central bank's minimum of 8 per cent) bolstered by strong capitalization reaching Rp8,84 trillion.(dic)
