JAKARTA - PT Bank Permata Tbk ("PermataBank") today announced continued improving operating performance in the six months period ending 30 June 2012 (consolidated and unaudited) as it registered an operating profit of Rp. 890 billion, an increase of 18% over last year. The Bank continues to invest in people, technology, premises and branches, resulting in a pre-tax profit of Rp. 981 billion; an increase of 7% over the same period in 2011.
Total operating revenue reached Rp. 3.317 trillion for the period, 36% higher than that during the same period last year of Rp. 2.432 trillion, driven by strong growth in both net interest income and fee based income. Net Interest Income grew 39% yoy to Rp. 2.731 trillion on the back of robust loan growth whilst fee-based income rose 24% yoy to Rp. 586 billion.
Loan grew 41% yoy to Rp. 84.4 trillion at the end of June 2012. Loans grew across all business segments. Total assets on a consolidated basis as of 30 June 2012 reached Rp. 110.6 trillion, up 28% yoy from Rp. 86.2 trillion a year prior.
The funding base is diverse and continued to grow. Third party deposits increased 24% yoy to Rp. 82.3 trillion. Current accounts and saving accounts (CASA) recorded robust increases of 36% yoy and 42% yoy to Rp. 19.1 trillion and Rp. 18.0 trillion respectively, whilst time deposits posted healthy 13% yoy growth to Rp. 45.2 trillion at end-June 2012. Consequently the Bank managed to improve the mix of its deposits and CASA ratio to 45% compared to 40% in the same period last year (excluding sharia fundings).
The quality of the loan book has improved, reflecting the Bank's unrelenting adherence to the principles of prudent banking. Gross Non Performing Loan ("NPL") were down to 1.6% as at 30 June 2012, compared to 2.4% a year before, whilst Net NPL were down to 0.5% from 0.7% in the same period last year.
The capital structure grew stronger with shareholders' equity growing 13% yoy to Rp. 9.822 trillion at end-June 2012. Amidst strong credit expansion, the Bank registered Capital Adequacy Ratio ("CAR") of 13.2% at period end, excluding impact of the Rp. 700 billion Subordinated Bonds raised in June 2012 which will be recorded in July 2012 as capital. On a proforma basis, should this be recorded in June 2012, CAR would increase to 14.0%. Following the Sub Debt issuance, the Bank is better positioned to build on its competitive position in the Indonesian banking industry.
Another encouraging development was the strong performance of the Bank's Sharia banking unit, which has been continuously strengthened by leveraging PermataBank's existing network and infrastructure. PermataSyariah recorded a strong growth of 87% yoy in net profit to Rp. 118 billion in the first semester 2012 from Rp. 63 billion in the same period last year. Total asset grew 146% yoy to Rp. 7.7 trillion driven by strong growth in Syariah financing.
Commenting on the results, David Fletcher, President Director of PermataBank said, "I am pleased to share that PermataBank delivered encouraging operating performance in the first semester of this year. We remain well capitalized. We will continue providing excellent service to our customers, generating strong sustainable growth and delivering superior value for all our stakeholders through continuous improvement to our infrastructure and capabilities as we systematically pursue opportunities in the Indonesian banking market."
As part of its effort to provide better coverage and serve customers better, PermataBank continues to optimize its network footprint in 2012 by relocating and opening new branches and ATMs. Total branch network at period end reached 282 conventional and dedicated sharia branches, supported by 10 mobile banking units, 254 sharia office channeling windows, two payment points and 756 proprietary ATMs in 57 cities across Indonesia.
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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 2 million customers in 57 cities in Indonesia, the Bank has 282 branches (including 11 sharia branches), 10 Mobile Branches, two Payment Points and 756 ATMs with additional access at more than 40,000 ATMs (VisaPlus, Visa Electron, MC, Alto, ATM Bersama and ATM Prima).
The recognition of recent achievements PermataBank are Distinguished Honoree from The 8th International Business Awards 2011 (Stevie Award) in 2 categories: "Communications Department of the Year" (global) and "Corporate Social Responsibility Program of the Year" (Asia, Australia and New Zealand). "Fixed Income Poll 2011 - Overall Best Domestic Credit Service Provider in Indonesia and Foreign Exchange Poll 2011 - Best Domestic Provider of FX Services in Indonesia as voted by Corporates" by Asiamoney publication, The Best in Building and Managing Corporate Image category Bank National with < Rp. 100 trillion assets from Bloomberg Business Week and Frontier Consulting Group 2011, The Best Mobile Banking in Asia Pacific 2011 from The Asian Banker Award, Recognations From MURI for 'Living Joy' - The First Application Mobile Banking Lifestyle in Indonesia, Top ranking in all segments banking, credit cards and Priority in the CCSL's Annual Call Center Award 2011 which was recently obtained an award from MURI PermataTel consistency best achievement since the 2006-2011, The best Phone Banking-SMS Banking-The best overall Shari a Banking including CS and ATM from MRI-InfoBank 2011, Bisnis Indonesia Award as The Best National Bank 2010, The Most Profitable and The Most Efficient Sharia Unit 2009 from The Islamic Award 2010, The Most Profitable and The Most Efficient Syariah Unit 2009 dalam The Islamic Award 2010, The Asian Banker "The Bank with the Best Cash Management in Indonesia" in 2010, Second rank in Banking Intermediation Award organized by Bank Indonesia 2010, Awards for KPRKeluarga and KPRBijak from Rekor Bisnis Indonesia, Tera Foundations and Seputar Indonesia 2010, Awards in 8 different categories in Bank Service Excellence Monitor (BSEM) by MRI-InfoBank 2009/2010, Ranked 3rd in Medium-size Bank category of 50 most admired companies in Indonesia by Business Week 2010, Corporate website can be accessed at http://www.permatabank.com.(Rina)