News
25 February 2010
Above Industry Average of 10%
PermataBank Lending up 18%
Category: Corporate
Jakarta – PT Bank Permata Tbk today announced that loans grew at a robust 18% year-on-year (yoy) from Rp. 34,853 bn in 2008 to Rp. 41,203 bn in 2009 as it continues to fulfill its intermediation function in the economy. Loans grew across all business segments.
The Bank continued to improve its operating performance in 2009. Total operating income reached Rp. 3,745 billion for the period, a 15% yoy improvement driven by continued growth in lending and other operating income. Net Interest Income grew by 15% yoy to Rp. 2,960 billion whilst other operating income rose to Rp. 785 billion in 2009, up 15% yoy.
Operating expenses increased just under 8% to Rp. 2,463 bn as the Bank continues to invest in systems and processes, staff training and development.
Operating Profit grew Rp 119 bn, or 19% to Rp. 740 bn in 2009. Profit after Tax recorded a 5% yoy growth from Rp. 461 bn in 2008 to Rp. 486 billion in 2009.
Permata continues to be well capitalized and liquid. Shareholder’s equity grew by 13% yoy to Rp 4,836 bn. Capital Adequacy Ratio (after market risk charge) stood at 12.2%, which is well above the Bank Indonesia minimum requirement of 8%.
The Bank saw further inflows of customer deposits with balances rising 7% yoy to Rp. 45,721 bn. Current accounts and saving accounts recorded increases of 17% yoy and 37% yoy to Rp. 10,946 billion and Rp. 9,681 billion respectively, whilst time deposits posted a slight 5% yoy decrease to Rp. 25,093 billion at end of 2009.
Loan-to-Deposit Ratio (LDR) was at an optimal level of 90.6% at the end of 2009, compared to 81.8% as at the end of 2008. Cost-to-income ratio improved from 70.1% in 2008 to 65.8% in 2009 reflecting ongoing focus on gaining efficiencies in our operations.
The Bank maintains a good quality balance sheet with disciplined focus on risk management. Net Non-Performing Loan (NPL) ratio was 1.5% as at end of 2009. The coverage ratio on assets was a healthy 137% as at year end 2009.
PermataSyariah, the Bank’s Sharia banking unit, recorded strong growth of 73% yoy in net profit to Rp. 82.3 bn in 2009. The business continues to successfully leverage our existing client base and infrastructure. Assets grew by Rp. 241 bn, or 19% yoy to Rp. 1,538 bn in 2009.
Commenting on the results, President Director David Fletcher remarked “These results reflect the strength of our banking model and franchise. Our commitment remains to be a leading force in the Indonesian banking industry and better serve the community we operate within. We will continue to improve our infrastructure and capabilities to better serve our customers while pursuing the emerging opportunities.”
The Bank continued to improve its operating performance in 2009. Total operating income reached Rp. 3,745 billion for the period, a 15% yoy improvement driven by continued growth in lending and other operating income. Net Interest Income grew by 15% yoy to Rp. 2,960 billion whilst other operating income rose to Rp. 785 billion in 2009, up 15% yoy.
Operating expenses increased just under 8% to Rp. 2,463 bn as the Bank continues to invest in systems and processes, staff training and development.
Operating Profit grew Rp 119 bn, or 19% to Rp. 740 bn in 2009. Profit after Tax recorded a 5% yoy growth from Rp. 461 bn in 2008 to Rp. 486 billion in 2009.
Permata continues to be well capitalized and liquid. Shareholder’s equity grew by 13% yoy to Rp 4,836 bn. Capital Adequacy Ratio (after market risk charge) stood at 12.2%, which is well above the Bank Indonesia minimum requirement of 8%.
The Bank saw further inflows of customer deposits with balances rising 7% yoy to Rp. 45,721 bn. Current accounts and saving accounts recorded increases of 17% yoy and 37% yoy to Rp. 10,946 billion and Rp. 9,681 billion respectively, whilst time deposits posted a slight 5% yoy decrease to Rp. 25,093 billion at end of 2009.
Loan-to-Deposit Ratio (LDR) was at an optimal level of 90.6% at the end of 2009, compared to 81.8% as at the end of 2008. Cost-to-income ratio improved from 70.1% in 2008 to 65.8% in 2009 reflecting ongoing focus on gaining efficiencies in our operations.
The Bank maintains a good quality balance sheet with disciplined focus on risk management. Net Non-Performing Loan (NPL) ratio was 1.5% as at end of 2009. The coverage ratio on assets was a healthy 137% as at year end 2009.
PermataSyariah, the Bank’s Sharia banking unit, recorded strong growth of 73% yoy in net profit to Rp. 82.3 bn in 2009. The business continues to successfully leverage our existing client base and infrastructure. Assets grew by Rp. 241 bn, or 19% yoy to Rp. 1,538 bn in 2009.
Commenting on the results, President Director David Fletcher remarked “These results reflect the strength of our banking model and franchise. Our commitment remains to be a leading force in the Indonesian banking industry and better serve the community we operate within. We will continue to improve our infrastructure and capabilities to better serve our customers while pursuing the emerging opportunities.”
For further information, please contact :
Leila Djafaar
Senior Vice President
Senior Vice President
Head, Corporate Affairs
P : [021] 523 7899 ext. 1766
P : [021] 523 7899 ext. 1766
F : [021] 523 7253
Katharine Grace
Senior Vice President
Senior Vice President
Head, Corporate Secretary
P : [021] 523 7999
P : [021] 523 7999
F : [021] 252 4492
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, 279 branches (including 10 sharia branches) and 569 ATMs (including 1 sharia ATM) with additional access to more than 20,000 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, Overall Winner and First Prize Winner within the listed private financial institution category in the Annual Report Award 2008, Banking Service Excellence Awards 2009 (10 awards for conventional and 7 awards for syariah) from 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 and Banking Efficiency Award 2009 from Bisnis Indonesia. 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, 279 branches (including 10 sharia branches) and 569 ATMs (including 1 sharia ATM) with additional access to more than 20,000 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, Overall Winner and First Prize Winner within the listed private financial institution category in the Annual Report Award 2008, Banking Service Excellence Awards 2009 (10 awards for conventional and 7 awards for syariah) from 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 and Banking Efficiency Award 2009 from Bisnis Indonesia. PermataBank's website can be accessed at http://www.permatabank.com .
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