Danamon posts $57m in profit

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)