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Private lender Maybank Indonesia records Rp 490.1b net profit in Q1
Private lender Maybank Indonesia, a part of Malaysia-based financial group Maybank, recorded Rp 490.1 billion (US$36.8 million) in net profit in this year's first quarter, a 10.4 percent increase from the same period last year
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Maybank employees serves customers at one of its branches. (Courtesy of http://www.maybank.com//File)
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rivate lender Maybank Indonesia, a part of Malaysia-based financial group Maybank, recorded Rp 490.1 billion (US$36.8 million) in net profit in this year's first quarter, a 10.4 percent increase from the same period last year.
Its net interest income (NII) expanded by 8.1 percent year-on-year (yoy) to Rp 1.7 trillion as of March, while net interest margin increased to 4.7 percent from 4.3 percent recorded last year, according to an official statement.
The lender disbursed Rp 114.2 trillion in loans as of March, a 5.7 percent yoy climb, which was mainly driven by growing small and medium enterprises (SMEs) and commercial credits by 9 percent to Rp 50.5 trillion.
(Read also: Maybank Indonesia plans to issue bonds and hold rights issue)
The bank’s gross and net non-performing loan (NPL) stood at 3.7 percent and 2.4 percent, respectively.
Maybank Indonesia collected Rp 117.7 trillion in third party funds (DPK) during this year's first quarter, a slight growth of 2.5 percent yoy. (bbn)
