JP\/14\/Brief1<\/p>\n
Panin posts 86%
\nprofit increase<\/p>\n
JAKARTA: Bank Panin, a medium-sized lender, reported on Wednesday
\nan 86 percent increase in its third-quarter before-tax profit as
\ncompared with the same period last year.<\/p>\n
The bank's third quarter profit stood at Rp 651 billion (some
\nUS$73 million), Panin said in a statement.<\/p>\n
The statement outlined a 29 percent increase in assets to Rp
\n22.3 trillion during the quarter, and a 28 percent increase in
\nlending exposure to Rp 10.6 trillion.<\/p>\n
Net interest income, which reached Rp 935 billion, contributed
\nthe largest share in the bank's total profit, with fee-based
\nincome of Rp 447 billion in second.<\/p>\n
As of September, Panin's capital adequacy ratio (CAR) stood at
\n39.6 percent, way above the central bank's minimum requirement of
\n8 percent, while its lending-to-deposit (LDR) ratio was at 71
\npercent. -- JP<\/p>\n
;AP;
\nANPAf..r..
\nBrief-LIPPO-EARNS-UPDATE1
\nLippo Bank's Profit Rises on Higher Interest Income (Update1)
\nJP\/14\/Brief<\/p>\n
Lippo Bank's 9-month
\nnet income surges<\/p>\n
JAKARTA: PT Bank Lippo, an Indonesian lender controlled by a
\ngroup of investors led by Austria's fourth- largest bank, said
\nnine-month net income surged, exceeding its full-year target, as
\nit earned more interest income and cut costs.<\/p>\n
Unaudited net income at Lippo Bank, as the company is better
\nknown, increased to Rp 233.6 billion ($26 million), or Rp 59.7 a
\nshare in the nine months ended Sept. 30, from Rp 27.6 billion
\nrupiah, or Rp 7.04 a share in the same period a year earlier, the
\nTangerang-based lender said in a statement published in Investor
\nDaily newspaper.<\/p>\n
Net interest income, or revenue from borrowers after deducting
\ninterest paid to depositors, rose a fifth to Rp 643 billion in
\nthe nine-month period from Rp 537 billion, Lippo Bank said.<\/p>\n
The lender, which is controlled by Raiffeisen Zentralbank
\nOesterreich AG of Austria and other investors, said earlier
\nprofit would probably reach Rp 200 billion this year, reversing a
\nloss of Rp 516 billion in 2003.<\/p>\n
The nation's eighth-largest lender by assets expects to lend
\nas much as Rp 1.5 trillion more in the second half, President
\nJoseph Luhukai said on July 19. --Bloomberg<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jp14brief1-1447899208",
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"sponsor": "Okusi Associates",
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