Bank NISP triples profit<\/p>\n
JAKARTA (JP): Bank NISP more than tripled its net profit to Rp
\n60.3 billion (US$5.24 million) and net earnings per share to Rp
\n55 last year, increasing its total assets to Rp 5.26 trillion,
\nthe publicly listed bank said in a statement.<\/p>\n
The bank stated in its audited financial report for the year
\n2000 that it also more than doubled its total lending to Rp 3.02
\ntrillion but sharply decreased its non-performing loans from 14.1
\npercent at the end of 1999 to 6.11 percent last December.<\/p>\n
It booked a 45 percent increase in third-party deposits to Rp
\n3.97 trillion and increased its loan-to-deposit ratio from 34.14
\npercent to 59.26 percent.<\/p>\n
The bank became the only bank in Indonesia to boast the World
\nBank Group among its shareholders after the International Finance
\nCorporation acquired 9.6 percent of the bank early this year
\nthrough a rights issue.<\/p>\n
The additional capital raised through the rights issue
\nbolstered Bank NISP's capital adequacy ratio (equity against
\nrisk-weighted assets) to 12.56 percent as of March, much higher
\nthen the minimum 8 percent required later this year, compared to
\n9.94 percent last December.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-nisp-triples-profit-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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