Permata profit soars 11.4%<\/p>\n
JAKARTA: Bank Permata, the country's seventh largest lender by
\nassets, announced that its net profit had increased last year to
\nRp 622.7 billion (US$669.5 million) from Rp 558.1 billion in
\n2003, thanks to higher interest earnings.<\/p>\n
The bank's 2004 net interest earnings jumped to Rp 1.55
\ntrillion from Rp 1.14 trillion in 2003, as interest on time
\ndeposits and savings fell amid declining Bank Indonesia's
\nbenchmark interest rates (SBI).<\/p>\n
Permata now has total assets of Rp 31.6 trillion, up from Rp
\n28.98 trillion. Its capital adequacy ratio (CAR) as of the end of
\nlast year reached 11.4 percent, well above the central bank's
\nminimum requirement of 8 percent.<\/p>\n
The publicly listed bank also channeled about Rp 5.2 trillion
\nin loans last year, mainly to the retail and consumer sectors and
\nto small and medium-scale enterprises. -- JP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/permata-profit-soars-114-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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