NISP first for capital gain

JAKARTA (JP): The publicly listed Bank NISP was ranked first last year among 22 other public banks listed on the Jakarta Stock Exchange in terms of capital gain, the bank's Director Pramukti Surjaudaja said yesterday.

Pramukti said the price of the bank's shares on the Jakarta Stock Exchange (JSX) increased by 91 percent to Rp 2,675 (US$1.1) a share as of Dec. 27 last year, from Rp 1,400 in December 1995.

This means the bank's shares provided a capital gain of around Rp 1,275 or 91 percent of the price quoted on December, 1995, he said.

"Overall, we ranked 29th among the 238 other banks in the stock exchange in terms of capital gain," he said.

The shares held by the investing public increased to 33 percent after its founders, PT Suryasono Sentosa and PT Udayawira Utama sold part of their shares in the bank.

The divestment raised the shareholding of institutional investors by 68 percent, he said.

According to Pramukti, Bank NISP's assets now reach Rp 1.2 trillion. Last year, the bank increased its deposits (third party funds) by 38 percent, compared to a 28 percent increase in 1995.

The bank's pre-tax profits were estimated to reach Rp 26.6 billion last year. (02)