Bank Mega nets Rp 235.3b H1 profit

JAKARTA: Bank Mega managed to book Rp 235.3 billion (US$24.1 million) in profit during the first half of this year, a senior bank official said on Saturday.

The bank's third-party liabilities for deposit and saving accounts amounted to Rp 18.7 trillion, while it has also extended Rp 8.1 trillion in loans.

"We are targeting growth of 25 percent for this year," Bank Mega president Yungky Setiawan said as reported by Antara on the sidelines of the opening of its new 27-story headquarters in South Jakarta. The bank, whose assets now stand at Rp 21 trillion, extended Rp 7.5 trillion in loans last year.

With the latest figures, Bank Mega now has a capital adequacy ratio of 14.58 percent and a loan-to-deposit ratio of 43.19 percent. -- JP