News
30 April 2010
Lending Up 15%
PermataBank Net Profit Up 62 %
Category: Corporate
JAKARTA - PT Bank Permata Tbk ("PermataBank") announced today that its net profit for the first quarter of 2010 was Rp 269 billion, up 62% on the first quarter of 2009.
Revenue increased 27% Year on Year (YoY) as result of growth in both interest income and non operating income. Net interest income grew 35% YoY to reach IDR 782 billion.
During the quarter PermataBank continued to invest in technology and people and as a consequence costs were up 20% YoY.
PermataBank also continued to optimize its intermediary function to support the Indonesian economy. This is reflected in the 15% YoY growth in loans to Rp 41 trillion. Total assets increased 15% YoY to Rp 62 trillion, as at the end of Q1, 2010, further strengthening PermataBank’s position as one of the top 10 banks in Indonesia by assets.
While growing assets, PermataBank continued to maintain robust lending disciplines. The level of Gross Non Performing Loans (NPL) were down to 4.2% as at 31 March 2010, compared to 5.4% a year before. Net NPL were 1.2% as at end of March 2010, down from 2.6% a year before.
Third party deposits were up 11% YoY to reach Rp 46 trillion as at end of March 2010. Time deposit levels increased by 2% to Rp 26.8 tn, and demand deposits and savings grew 12% and 44% to Rp 9.5 tn and Rp 10.0 tn respectively, helping to improve the CASA ratio to 42% from 37% at the end of Q1, 2009.
PermataBank’s loan to deposit ratio was 86% at the end of the quarter. The Bank’s Capital Adequacy Ratio as at 31 March 2010 was 13.9%, well above Bank Indonesia’s minimum of 8%.
Commenting on the results, David Fletcher, President Director of PermataBank said, “These strong results reflect that we are well advanced in our transformation journey. We are well capitalised, have a strong liquidity position and are well positioned to take advantage of growth opportunities in the Indonesian market”.
F: +62 21 252 4492
e: kgrace@permatabank.co.id (YGI)
Revenue increased 27% Year on Year (YoY) as result of growth in both interest income and non operating income. Net interest income grew 35% YoY to reach IDR 782 billion.
During the quarter PermataBank continued to invest in technology and people and as a consequence costs were up 20% YoY.
PermataBank also continued to optimize its intermediary function to support the Indonesian economy. This is reflected in the 15% YoY growth in loans to Rp 41 trillion. Total assets increased 15% YoY to Rp 62 trillion, as at the end of Q1, 2010, further strengthening PermataBank’s position as one of the top 10 banks in Indonesia by assets.
While growing assets, PermataBank continued to maintain robust lending disciplines. The level of Gross Non Performing Loans (NPL) were down to 4.2% as at 31 March 2010, compared to 5.4% a year before. Net NPL were 1.2% as at end of March 2010, down from 2.6% a year before.
Third party deposits were up 11% YoY to reach Rp 46 trillion as at end of March 2010. Time deposit levels increased by 2% to Rp 26.8 tn, and demand deposits and savings grew 12% and 44% to Rp 9.5 tn and Rp 10.0 tn respectively, helping to improve the CASA ratio to 42% from 37% at the end of Q1, 2009.
PermataBank’s loan to deposit ratio was 86% at the end of the quarter. The Bank’s Capital Adequacy Ratio as at 31 March 2010 was 13.9%, well above Bank Indonesia’s minimum of 8%.
Commenting on the results, David Fletcher, President Director of PermataBank said, “These strong results reflect that we are well advanced in our transformation journey. We are well capitalised, have a strong liquidity position and are well positioned to take advantage of growth opportunities in the Indonesian market”.
For further information please contact:
Leila Djafaar
Senior Vice President
Senior Vice President
Katharine Grace
Senior Vice President
Senior Vice President
Head, Corporate Secretary
P: +62 21 523 7999F: +62 21 252 4492
e: kgrace@permatabank.co.id
PROFILE OF PT BANK PERMATA TBK
PT Bank Permata Tbk (PermataBank) is the result of a merger of 5 (five) banks, PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Prima Express, PT. Bank Artamedia and PT Bank Patriot in 2002, and today has grown into a major private bank that offers products and services, innovative and comprehensive delivery channels including Internet Banking and Mobile Banking. PermataBank has aspirations to become a leading financial services provider in Indonesia, with a focus on Consumer and Commercial segment. Serving approximately 1.9 million customers in 55 cities in Indonesia, the Bank has approximately 5,138 permanent employees, 280 branches (including 10 sharia branches) and 571 ATMs with additional access at more than 17,000 ATMs (VisaPlus, Visa Electron, MasterCard, Alto, ATM Bersama , ATM BCA).
The recognition of recent achievements PermataBank are awards from The Asian Banker “The Bank with the Best Cash Management in Indonesia” in 2010, The Most Prestigious Carre 'in the CCSL's Annual Call Center Award 2010 for five times in a row, ranked first Annual Report Award 2008 for the categories listed private banks and the overall champion "Annual Report Award in 2008 for all categories, the first rank the best e-Company Award 2008 for all categories, Corporate Governance Award for Best equitable treatment of Issued The Business Review, the Association of Indonesian Listed Companies and the IICD, second place Best CEO in Asia Best Managed Companies and eight great The Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, Islamic Finance Awards & CUP 2009 (IFAC 2009), ranked first by category of assets UUS ≥ Rp1 trillion and ranked first most profitable companies for asset kategoti ≥ Rp1 trillion, from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 conventional and sharia 7) of the MRI & Described, from MURI Award for saving unison in 12 cities for the student, the Prestigious Service Quality Award in 2009 from Diamond Carre - Center for Service Satisfaction & Loyalty (CCSL) & Marketing Magazine and Banking Business Efficiency Award 2009 from Indonesia. Corporate website can be accessed at http://www.permatabank.com.
PT Bank Permata Tbk (PermataBank) is the result of a merger of 5 (five) banks, PT. Bank Bali Tbk, PT. Bank Universal Tbk, PT. Bank Prima Express, PT. Bank Artamedia and PT Bank Patriot in 2002, and today has grown into a major private bank that offers products and services, innovative and comprehensive delivery channels including Internet Banking and Mobile Banking. PermataBank has aspirations to become a leading financial services provider in Indonesia, with a focus on Consumer and Commercial segment. Serving approximately 1.9 million customers in 55 cities in Indonesia, the Bank has approximately 5,138 permanent employees, 280 branches (including 10 sharia branches) and 571 ATMs with additional access at more than 17,000 ATMs (VisaPlus, Visa Electron, MasterCard, Alto, ATM Bersama , ATM BCA).
The recognition of recent achievements PermataBank are awards from The Asian Banker “The Bank with the Best Cash Management in Indonesia” in 2010, The Most Prestigious Carre 'in the CCSL's Annual Call Center Award 2010 for five times in a row, ranked first Annual Report Award 2008 for the categories listed private banks and the overall champion "Annual Report Award in 2008 for all categories, the first rank the best e-Company Award 2008 for all categories, Corporate Governance Award for Best equitable treatment of Issued The Business Review, the Association of Indonesian Listed Companies and the IICD, second place Best CEO in Asia Best Managed Companies and eight great The Best Corporate Governance in Asia Best Managed Companies from Finance Asia Magazine, Islamic Finance Awards & CUP 2009 (IFAC 2009), ranked first by category of assets UUS ≥ Rp1 trillion and ranked first most profitable companies for asset kategoti ≥ Rp1 trillion, from Karim Business Consulting, Banking Service Excellence Awards 2009 (10 conventional and sharia 7) of the MRI & Described, from MURI Award for saving unison in 12 cities for the student, the Prestigious Service Quality Award in 2009 from Diamond Carre - Center for Service Satisfaction & Loyalty (CCSL) & Marketing Magazine and Banking Business Efficiency Award 2009 from Indonesia. Corporate website can be accessed at http://www.permatabank.com.
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