News
29 October 2009
Assets grew 20% to Rp. 56.9 Trillion
PermataBank Pre Tax Profit up 26%
Category: Corporate
JAKARTA – PT Bank Permata Tbk (“PermataBank”) today announced a robust set of results for the first nine months of 2009 (consolidated – unaudited). Pre tax profit for nine months ending September 2009 was Rp. 710 billion up 26% year-on-year (YoY). Net profit after tax grew 28% YoY to Rp 500 billion.
PermataBank’s total operating income reached Rp. 2,768 billion for the period, 19% higher than that during the same period last year of Rp. 2,329 billion, driven by continued growth in lending and other operating income. Net Interest Income grew 14% YoY to Rp. 2,134 billion in September 2009. Other operating income grew by 40% YoY from Rp. 453 billion for 9 months in September 2008 to Rp. 634 billion for 9 months in September 2009 as the Bank posted stronger performance in its treasury business.
The Bank continued its process improvement initiatives to further improve its cost structure and staff productivity. Operating expenses were carefully managed and were flat YoY at Rp 1,646 billion. Consequently, the cost to income ratio improved to 59% in the nine months to September 2009 compared to 71% in the same period last year.
The Bank also continued to optimize its intermediary function in the Indonesian economy. Its loan book grew 12% YoY from Rp. 33,713 billion in September 2008 to Rp. 37,645 billion in September 2009. Assets on a consolidated basis as of 30 September 2009 totaled Rp. 56,870 billion, an increase of 20% YoY, cementing PermataBank’s position as one of the top 10 Banks in Indonesia in terms of assets. Both assets and loans showed continued growth from December 08 and June 2009.
Sound growth in the loan book was balanced by unrelenting adherence to the principles of prudent banking. Net Non-Performing Loan (NPL) ratio was 2.1% at the end of September 2009, which is lower compared to that of 1H09.
Third party funds recorded a healthy growth of 16% YoY to Rp. 43,288 billion at the end of September 2009. Current accounts and saving accounts recorded solid increase of 18% YoY and 22% YoY to Rp. 9,079 billion and Rp. 8,647 billion respectively, whilst time deposits posted 14% YoY growth to Rp. 25,562 billion at end of September 2009.
PermataBank maintained a strong liquidity position during the period with a Loan to Deposit Ratio (LDR) of 87.4% as of 30 September 2009.
PermataBank continues to maintain strong performance ratios. Capital Adequacy Ratio (after market risk charge) stood at 12.7%, which is well above the Bank Indonesia minimum requirement of 8%. Return on Equity increased to 18% at the end of September 2009 compared to 14% in September 2008.
Another encouraging development was the continued growth of the Bank's Sharia operating performance. PermataBank Syariah recorded 54% YoY growth in net profit from Rp. 33.7 billion in the nine months to September 2008 to Rp. 51.8 billion as it continues to build synergies with the Bank’s conventional businesses by marketing sharia products through existing channels, whilst maintaining prudent banking and sharia principles.
Commenting on the results, President Director David Fletcher remarked “We not only achieved significant improvement in our operating performance, but also optimized our intermediary function in supporting the Indonesian economy whilst maintaining a prudent approach to banking practices. We remain fully committed to providing excellent service to our customers.”
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 5,400 employees, 268 conventional branches, 10 sharia branches and 563 proprietary ATMs with additional access to more than 17,000 ATMs (VisaPlus, Visa Electron, MasterCard, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's are the 1st winner Annual Report Award 2008 for listed private bank category and the 1st winner 2008 for all category, the 1st e-Company Award for all category, Corporate Governance Award for the Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, the 2nd position best CEO in Asia Best Managed Companies and top eight the Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, 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, the Most Prestigious Carre' for the fourth consecutive time at CCSL's Annual Call Center Award 2009 and Banking Efficiency Award 2009 from Bisnis Indonesia. PermataBank's website can be accessed at http://www.permatabank.com.
(YGI) PermataBank’s total operating income reached Rp. 2,768 billion for the period, 19% higher than that during the same period last year of Rp. 2,329 billion, driven by continued growth in lending and other operating income. Net Interest Income grew 14% YoY to Rp. 2,134 billion in September 2009. Other operating income grew by 40% YoY from Rp. 453 billion for 9 months in September 2008 to Rp. 634 billion for 9 months in September 2009 as the Bank posted stronger performance in its treasury business.
The Bank continued its process improvement initiatives to further improve its cost structure and staff productivity. Operating expenses were carefully managed and were flat YoY at Rp 1,646 billion. Consequently, the cost to income ratio improved to 59% in the nine months to September 2009 compared to 71% in the same period last year.
The Bank also continued to optimize its intermediary function in the Indonesian economy. Its loan book grew 12% YoY from Rp. 33,713 billion in September 2008 to Rp. 37,645 billion in September 2009. Assets on a consolidated basis as of 30 September 2009 totaled Rp. 56,870 billion, an increase of 20% YoY, cementing PermataBank’s position as one of the top 10 Banks in Indonesia in terms of assets. Both assets and loans showed continued growth from December 08 and June 2009.
Sound growth in the loan book was balanced by unrelenting adherence to the principles of prudent banking. Net Non-Performing Loan (NPL) ratio was 2.1% at the end of September 2009, which is lower compared to that of 1H09.
Third party funds recorded a healthy growth of 16% YoY to Rp. 43,288 billion at the end of September 2009. Current accounts and saving accounts recorded solid increase of 18% YoY and 22% YoY to Rp. 9,079 billion and Rp. 8,647 billion respectively, whilst time deposits posted 14% YoY growth to Rp. 25,562 billion at end of September 2009.
PermataBank maintained a strong liquidity position during the period with a Loan to Deposit Ratio (LDR) of 87.4% as of 30 September 2009.
PermataBank continues to maintain strong performance ratios. Capital Adequacy Ratio (after market risk charge) stood at 12.7%, which is well above the Bank Indonesia minimum requirement of 8%. Return on Equity increased to 18% at the end of September 2009 compared to 14% in September 2008.
Another encouraging development was the continued growth of the Bank's Sharia operating performance. PermataBank Syariah recorded 54% YoY growth in net profit from Rp. 33.7 billion in the nine months to September 2008 to Rp. 51.8 billion as it continues to build synergies with the Bank’s conventional businesses by marketing sharia products through existing channels, whilst maintaining prudent banking and sharia principles.
Commenting on the results, President Director David Fletcher remarked “We not only achieved significant improvement in our operating performance, but also optimized our intermediary function in supporting the Indonesian economy whilst maintaining a prudent approach to banking practices. We remain fully committed to providing excellent service to our customers.”
For further information, please contact :
Leila Djafaar
Senior Vice President
Senior Vice President
Head, Corporate Affairs
Phone: [021] 523 7899 ext. 29040
Phone: [021] 523 7899 ext. 29040
Fax. [021] 523 7253
Email : caffair@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
Cellphone : +62 818 0788 3797
Email : masmara@permatabank.co.id
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 5,400 employees, 268 conventional branches, 10 sharia branches and 563 proprietary ATMs with additional access to more than 17,000 ATMs (VisaPlus, Visa Electron, MasterCard, ALTO, ATM Bersama, ATM BCA).
Recent acknowledgments to PermataBank's are the 1st winner Annual Report Award 2008 for listed private bank category and the 1st winner 2008 for all category, the 1st e-Company Award for all category, Corporate Governance Award for the Best Equitable Treatment of Shareholders category from Business Review, Asosiasi Emiten Indonesia and IICD, the 2nd position best CEO in Asia Best Managed Companies and top eight the Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, 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, the Most Prestigious Carre' for the fourth consecutive time at CCSL's Annual Call Center Award 2009 and Banking Efficiency Award 2009 from Bisnis Indonesia. PermataBank's website can be accessed at http://www.permatabank.com.
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