News
31 July 2009
Assets up 26% to 54.1 Trillion
PermataBank Pre Tax Profit up 15%
Category: Corporate
JAKARTA – PT Bank Permata Tbk (“PermataBank”) today announced a pre tax profit of Rp. 462 billion in the first half of 2009, an increase of 15% year-on-year (YoY) from Rp. 401 billion from the same period in 2008. Net profit after tax grew 17% YoY to Rp 325 billion.
Net Interest Income increased 15% YoY to Rp 1,402 billion in H109 driven by good loan growth. Other operating income rose 52% YoY to Rp 460 billion in H109 largely due to gains from the sale of marketable securities. PermataBank’s total operating income grew 23% YoY to Rp 1,862 billion in H109 (first half 2009).
PermataBank continued its process improvement initiatives. Operating expenses were carefully managed whilst creating capacity to invest for future growth. Expenses fell 2% YoY from Rp 1,077 billion in H108 to Rp 1,059 billion in H109. Cost income ratio improved from 71% in the first half of 2008 to 57% in the first half of 2009.
PermataBank continued to optimize its intermediary function in the Indonesian economy, as reflected in its loan growth of 18% YoY from Rp. 31.2 trillion in H108 to Rp. 36.7 trillion in H109. Assets as of 30 June 2009 totaled Rp 54.1 trillion, an increase of 26% YoY, cementing PermataBank’s position as one of the top Banks in Indonesia in terms of assets.
Sound growth in the loan book was balanced by unrelenting adherence to the principles of prudent banking. Net Non-Performing Loan (NPL) ratio was 2.5% at the end of June 2009, well below Bank Indonesia maximum of 5%.
Third party funds rose 29% YoY to Rp. 43.1 trillion at the end of H109. Demand deposits and Savings recorded a healthy increase of 13% YoY and 9% YoY to Rp. 8.9 trillion and Rp. 7.8 trillion respectively. Time Deposits posted strong 45% YoY growth from Rp. 18.2 trillion to Rp. 26.4 trillion at end of H109.
PermataBank maintained a strong liquidity position during the period with a Loan to Deposit Ratio (LDR) of 85% as at 30 June 2009.
PermataBank continues to maintain strong ratios and ended the period with a Capital Adequacy Ratio (CAR) of 13.2% (after market risk charge), well above the Bank Indonesia minimum requirement of 8%. PermataBank recently completed a subordinated Medium Term Notes issuance for USD 100 million which saw strong support from its main shareholders, Astra International and Standard Chartered.
Commenting on the results, President Director Stewart D. Hall remarked “We not only posted sound improvement in our profitability, but also optimized our intermediary function in supporting the Indonesian economy while still offering a wide range of innovative banking solutions in conventional and sharia banking.
Mr. Hall further remarked, “These encouraging results demonstrate our unique ability to operate as a World-Class Local Bank. We remain highly committed to delivering superior value to our stakeholders and are confident that by leveraging off our core strengths, including our extensive branch network, comprehensive delivery channels, strong service culture, and full support from our strategic shareholders – Astra International and Standard Chartered Bank, PermataBank will be able to accelerate its transformation and continue to generate strong sustainable growth”.
Net Interest Income increased 15% YoY to Rp 1,402 billion in H109 driven by good loan growth. Other operating income rose 52% YoY to Rp 460 billion in H109 largely due to gains from the sale of marketable securities. PermataBank’s total operating income grew 23% YoY to Rp 1,862 billion in H109 (first half 2009).
PermataBank continued its process improvement initiatives. Operating expenses were carefully managed whilst creating capacity to invest for future growth. Expenses fell 2% YoY from Rp 1,077 billion in H108 to Rp 1,059 billion in H109. Cost income ratio improved from 71% in the first half of 2008 to 57% in the first half of 2009.
PermataBank continued to optimize its intermediary function in the Indonesian economy, as reflected in its loan growth of 18% YoY from Rp. 31.2 trillion in H108 to Rp. 36.7 trillion in H109. Assets as of 30 June 2009 totaled Rp 54.1 trillion, an increase of 26% YoY, cementing PermataBank’s position as one of the top Banks in Indonesia in terms of assets.
Sound growth in the loan book was balanced by unrelenting adherence to the principles of prudent banking. Net Non-Performing Loan (NPL) ratio was 2.5% at the end of June 2009, well below Bank Indonesia maximum of 5%.
Third party funds rose 29% YoY to Rp. 43.1 trillion at the end of H109. Demand deposits and Savings recorded a healthy increase of 13% YoY and 9% YoY to Rp. 8.9 trillion and Rp. 7.8 trillion respectively. Time Deposits posted strong 45% YoY growth from Rp. 18.2 trillion to Rp. 26.4 trillion at end of H109.
PermataBank maintained a strong liquidity position during the period with a Loan to Deposit Ratio (LDR) of 85% as at 30 June 2009.
PermataBank continues to maintain strong ratios and ended the period with a Capital Adequacy Ratio (CAR) of 13.2% (after market risk charge), well above the Bank Indonesia minimum requirement of 8%. PermataBank recently completed a subordinated Medium Term Notes issuance for USD 100 million which saw strong support from its main shareholders, Astra International and Standard Chartered.
Commenting on the results, President Director Stewart D. Hall remarked “We not only posted sound improvement in our profitability, but also optimized our intermediary function in supporting the Indonesian economy while still offering a wide range of innovative banking solutions in conventional and sharia banking.
Mr. Hall further remarked, “These encouraging results demonstrate our unique ability to operate as a World-Class Local Bank. We remain highly committed to delivering superior value to our stakeholders and are confident that by leveraging off our core strengths, including our extensive branch network, comprehensive delivery channels, strong service culture, and full support from our strategic shareholders – Astra International and Standard Chartered Bank, PermataBank will be able to accelerate its transformation and continue to generate strong sustainable growth”.
akan dapat mempercepat proses transformasinya”.
For further information, please contact :
Leila Djafaar
Senior Vice President
Senior Vice President
Head, Corporate Affairs
Phone: [021] 523 7899 ext. 1766
Phone: [021] 523 7899 ext. 1766
Fax. [021] 523 7253
Email : ldjafaar@permatabank.co.id
Mutiara Diah Asmara
Vice President
Vice President
Head, External Communications
Phone: [021] 523 7899 ext. 1703
Phone: [021] 523 7899 ext. 1703
Fax. [021] 523 7253
Email : masmara@permatabank.co.id
PROFILE OF PT BANK PERMATA TBK
PT Bank Permata Tbk (”PermataBank”) was formed by a merger of five banks PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Artamedia, PT. Bank Patriot dan PT. Bank Prima Express in 2002, currently has grown into a leading private bank, and provides comprehensive and innovative products and services, especially in the area of high-tech delivery channels including Internet Banking and Mobile Banking. PermataBank aspires to be the outstanding financial services provider in Indonesia, focusing on Consumer and Commercial segments. Serving approximately 1.9 million customers in 55 cities in Indonesia, PermataBank has around 5,000 employees, 268 conventional branches, 10 sharia branches and 562 proprietary ATMs with additional access to more than 17,000 ATMs (VisaPlus, Visa Electron, MC, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's transformation are 2009 Islamic Finance Award & CUP 2009 (IFAC 2009), 1st position category the sharia unit, by asset ≥ Rp.1 trillion and 1st position the most profitable, by asset ≥ Rp.1 triliun from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 awards for konventional and 7 awards for syariah) fromi MRI & InfoBank, MURI Award for first time saving together for students under 17 years age in 12 cities from MURI, Corporate Governance Award for Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, 2nd position Best CEO in Asia Best Managed Companies and 8th position Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, the Most Prestigious Carre' for the fourth consecutive time at CCSL's Annual Call Center Award 2009, Banking Efficiency Award 2009 from Bisnis Indonesia, 3rd position at Annual Report Award 2008, 5th place at Islamic Finance Award 2008, 3rd Position in Banking Industry and Best SMS Banking in E-Company Award 2008 by Warta Ekonomi Magazine and 3rd position at Tax Awards for Tax Payers 2008 in DKI Jakarta Area by Tax Directorate – Finance Ministry. PermataBank's website can be accessed at http://www.permatabank.com.
(YGI) PT Bank Permata Tbk (”PermataBank”) was formed by a merger of five banks PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Artamedia, PT. Bank Patriot dan PT. Bank Prima Express in 2002, currently has grown into a leading private bank, and provides comprehensive and innovative products and services, especially in the area of high-tech delivery channels including Internet Banking and Mobile Banking. PermataBank aspires to be the outstanding financial services provider in Indonesia, focusing on Consumer and Commercial segments. Serving approximately 1.9 million customers in 55 cities in Indonesia, PermataBank has around 5,000 employees, 268 conventional branches, 10 sharia branches and 562 proprietary ATMs with additional access to more than 17,000 ATMs (VisaPlus, Visa Electron, MC, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's transformation are 2009 Islamic Finance Award & CUP 2009 (IFAC 2009), 1st position category the sharia unit, by asset ≥ Rp.1 trillion and 1st position the most profitable, by asset ≥ Rp.1 triliun from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 awards for konventional and 7 awards for syariah) fromi MRI & InfoBank, MURI Award for first time saving together for students under 17 years age in 12 cities from MURI, Corporate Governance Award for Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, 2nd position Best CEO in Asia Best Managed Companies and 8th position Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, the Most Prestigious Carre' for the fourth consecutive time at CCSL's Annual Call Center Award 2009, Banking Efficiency Award 2009 from Bisnis Indonesia, 3rd position at Annual Report Award 2008, 5th place at Islamic Finance Award 2008, 3rd Position in Banking Industry and Best SMS Banking in E-Company Award 2008 by Warta Ekonomi Magazine and 3rd position at Tax Awards for Tax Payers 2008 in DKI Jakarta Area by Tax Directorate – Finance Ministry. PermataBank's website can be accessed at http://www.permatabank.com.
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