Bank Bira profits up 68%

Bank Bira profits up 68%

JAKARTA (JP): The publicly-listed Bank Bira reported yesterday a 68-percent increase in its net profits to Rp 30.3 billion (US$13 million) last year.

The bank's net interest income, including credit-based fees and commissions, rose by 69 percent to Rp 92 billion with a net interest margin of 5.7 percent, compared to 6.2 percent in 1994.

The bank said that as of Dec. 31, 1995, it's total loans had reached Rp 1.4 trillion, an increase of 58 percent over the previous year, while its total deposits increased by 52 percent to Rp 870.9 billion.

Bank Bira's total assets were recorded at Rp 1.6 trillion as of the end of last year, according to its audited financial report for 1995.

The bank said that it had a capital adequacy ratio of 10.2 percent and a loan-to-deposit ratio of 97.8 percent.

The central bank, Bank Indonesia, requires commercial banks to have a minimum capital adequacy ratio of 8 percent and a maximum loan to deposit ratio of 110 percent. (08)