Bank NISP profit up 27%<\/p>\n
JAKARTA (JP): The publicly-listed Bank NISP announced
\nyesterday that its net profits rose 27 percent to Rp 17 billion
\nlast year from Rp 13 billion the previous year.<\/p>\n
The bank said in a statement that the total funds generated
\nfrom the public increased by 28 percent to Rp 500 billion as of
\nthe end of last year, while its loans grew by 28 percent to Rp
\n709 billion.<\/p>\n
The bank's total assets rose 33 percent to Rp 875 billion as
\nof last December.<\/p>\n
\"The relatively high growth was well supported by good
\nmanagement as shown by the high capital adequacy ratio, which
\nreached 13.7 percent, much higher than the industry's average
\nrate of 8 percent, the minimum level required by Bank Indonesia,\"
\nthe statement said.<\/p>\n
Bank NISP said that in 1995 it was awarded an ISO 9002 rating,
\nmaking it one of two banks in the Asia-Pacific region to gain
\nsuch status.<\/p>\n
It also got an L\/C-2 rating from Thomson BankWatch Asia for
\nits medium-term notes. The bank raised a total fund of $35
\nmillion last year from the issuance of floating rate notes and
\nmedium term notes.<\/p>\n
The bank's loan-to-deposit ratio last year was at 87.5
\npercent, while its rate of return on assets reached 2.68 and the
\nrate of return on equity was 20.2 percent. (alo)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-nisp-profit-up-27-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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