Danamon posts $57m in profit

JAKARTA (JP): Publicly listed Bank Danamon has reported an unaudited Rp 154 billion (US$57 million) pre-tax profit for the first half of this year.

The bank booked a Rp 281.2 billion net profit in 1996, up 57 percent on the previous year.

Danamon president Ninie Admajaya said Saturday his bank would continue to increase its shareholders' value by providing quality services to clients in the all 27 provinces.

The bank has more than 700 automated teller machines and over 225 branches.

Danamon, the country's second largest private bank in asset terms, booked total assets of Rp 24.1 trillion as of last June.

The bank also collected Rp 19.7 trillion in third party funds.

The investing public owns 52.39 percent of Danamon, while Usman Admajaya and other individuals control the rest. (rid)