Friday, October 18, 2013

Danamon Bank's Profit Gowth Only Rp 15 Billion in One Year

Much greater than the growth in operating expenses sufficiently inhibit the rate of growth in operating profit growth of Bank Danamon .


PT Bank Danamon Indonesia Tbk ( Bank Danamon ) recorded a net profit of Rp 3.007 trillion in the third quarter 2013, up 1 % compared to Rp 2,992 trillion in the same period a year earlier .

" In the midst of the pressure of inflation and a weakening currency , the Indonesian economy strong foundation enabling a conducive business climate, " said Bank Danamon President Director Henry Ho , in Jakarta , Thursday, October 17, 2013 .

He continued to talk , it creates a good performance for the banking industry and the conditions encouraging the company to maintain a positive growth in the last nine months .


In terms of net interest income reached Rp 10.10 trillion , up 5 % from Rp 9.59 trillion. While services revenue grew 12 % in a year from Rp 3.3 trillion to Rp 3.69 trillion. Overall operating income rose 7 % from Rp 12.89 trillion to Rp 13.8 trillion . While operating expenses rose 12 % from Rp 6.46 trillion to Rp 7.2 trillion .

" Operating expenses rose 12 % , due to increase in the minimum wage is quite pronounced for , office rent , and inflation as . Or branch office costs and its workforce was already two-thirds of the operating costs , "said Finance Director of Bank Danamon Vera Eve Lim .

The lending up 14 % in a year from Rp 113.26 trillion to Rp 129.. Third party funds grew by 16 % from Rp 88.19 trillion to Rp 102.3 . While total assets increased 15 % from Rp 150.10 trillion to Rp 173.09 trillion .

While other financial ratios , capital adequacy ratio ( CAR ) stood 18.3 % , net interest margin (NIM) declined to 9.8 % , cost to income ratio of 52.2 % , loan-to- funding ratio ( LDR modiied ) to 99 % , the ratio of non-performing loans ( NPLs ) gross 2.2 % , return on assets ( ROA ) of 2.5% and return on equity ( ROE ) 14.5 %

No comments:

Post a Comment