{
    "success": true,
    "data": {
        "id": 1149257,
        "msgid": "mandiri-books-14-percent-increase-in-2004-profit-1447893297",
        "date": "2005-03-16 00:00:00",
        "title": "Mandiri books 14 percent increase in 2004 profit",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Mandiri books 14 percent increase in 2004 profit The Jakarta Post, Jakarta Bank Mandiri, the country's largest lender in terms of assets, booked a 14.6 percent increase in its 2004 net profit, thanks to its lending expansion. Publicly listed Mandiri boosted its lending portfolio last year to Rp 94.4 trillion (about US$1.3 billion), a 24.3 percent increase from a year before, boosting its net profit to Rp 5.26 trillion.",
        "content": "<p>Mandiri books 14 percent increase in 2004 profit<\/p>\n<p>The Jakarta Post, Jakarta<\/p>\n<p>Bank Mandiri, the country's largest lender in terms of assets,<br>\nbooked a 14.6 percent increase in its 2004 net profit, thanks to<br>\nits lending expansion.<\/p>\n<p>Publicly listed Mandiri boosted its lending portfolio last<br>\nyear to Rp 94.4 trillion (about US$1.3 billion), a 24.3 percent<br>\nincrease from a year before, boosting its net profit to Rp 5.26<br>\ntrillion.<\/p>\n<p>The increased volume of loans, together with a higher net<br>\ninterest margin of 4.3 percent compared to 3.3 percent in 2003,<br>\nhelped boost the bank's net interest income -- revenue from<br>\nborrowers minus interest paid to depositors -- to Rp 9.5 trillion<br>\nlast year.<\/p>\n<p>Mandiri's loan growth also resulted in last year's higher<br>\nloan-to-deposit ratio rising to 54 percent from 43 percent in<br>\n2003.<\/p>\n<p>The bank also reached its target of reducing corporate loans<br>\nto less than 50 percent of its total loans. Corporate loans grew<br>\nby only 10.9 percent as against consumer loan growth of 125.9<br>\npercent.<\/p>\n<p>Mandiri also reported a capital adequacy ratio of 25.3 percent<br>\nand declining nonperforming loans of 7.1 percent. Both figures<br>\nare common indicators for measuring a bank's financial health.<\/p>\n<p>Along with efforts to maintain its performance, the bank is<br>\nalso strengthening its commitment toward fighting bribery by<br>\nsigning a supervision agreement with a non-governmental<br>\norganization.<\/p>\n<p>Mandiri's president director E.C.W. Neloe signed recently a<br>\nmemorandum of understanding on an integrity pact with the<br>\nTransparency International-Indonesia (TII).<\/p>\n<p>Under the pact, the bank and TII will jointly develop sound<br>\nmechanisms on supervision, complaints and reports, conflict<br>\nresolutions and a reward-and-punishment system, as well as a<br>\nwitness protection scheme to create a more transparent and<br>\nantibribery business environment.<\/p>\n<p>The pact is the first in the country's banking business and is<br>\nhoped to trigger similar implementation in the future, Neloe said<br>\nin a statement.<\/p>\n<p>TII is a local affiliation of the Berlin-based TI -- an<br>\ninternational organization that focuses on fighting bribery and<br>\ncorruption.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mandiri-books-14-percent-increase-in-2004-profit-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}