Bank Patriot's assets up

Bank Patriot's assets up

JAKARTA (JP): Bank Patriot, a private banks included in the
government-sponsored recapitalization program, reported an
improved performance during the first half of this year.

The Indonesian Bank Restructuring Agency (IBRA) said here on
Wednesday the bank's total assets rose by about 10 percent to Rp
212.61 billion as of June from Rp 190.33 billion in the same
period last year.

The bank's third-party funds increased 7.23 percent from Rp
168.07 billion to Rp 180.23 billion. In the same period, the
bank's total lending rose from Rp 28.28 billion to Rp 47.77
billion due to a rise in the disbursement of credits to small and
medium-size companies.

The bank's net interest income improved significantly from
negative Rp 6.28 billion to Rp 3.17 billion, IBRA said, adding
that the bank's losses declined from Rp 12.58 billion to Rp 811
million (02)