Mashill's profit up

Mashill's profit up

JAKARTA (JP): Publicly listed Bank Mashill announced a 31-
percent increase in net profit in the first three quarters this
year to Rp 23.83 billion (US$6.80 million) from Rp 18.10 billion
in the same period last year.

The bank said in a statement yesterday that the current
monetary crisis did not have a significant impact on the
performance of the bank.

It said income from interest rose to Rp 77.91 billion as of
September 1997, from Rp 56.31 billion in the same period last
year.

The statement said Bank Mashill, which had total assets of Rp
1.81 trillion as of September 1997, had Rp 1.30 trillion in
September last year.

The bank plans to open five more branch offices by the end of
this year in Roxy, Mangga Dua, Kebun Jeruk, Imperium Tower and
the Ambassador building, all in Jakarta, as well as one at Puri
Anjasmoro in Semarang, Central Java.

Bank Mashill's president Tjipto Windoe said the new branches
were expected to raise more public funds in the future.

As of September 1997, the bank had collected public funds
worth Rp 1.28 trillion, up 20 percent from Rp 1.06 trillion in
the same period last year. (aly)