Panin Bank's profits up

JAKARTA (JP): Panin Bank, a publicly-listed private bank, announced on Saturday a 16.15 percent increase in its after-tax profit; to Rp 30.22 billion (US$13.49 million) in the first half of this year, as compared with Rp 26.02 billion during the same period of last year.

According to the bank's financial statement for the January- June period, the company's total assets increased by 8.32 percent to Rp 3.55 trillion as of June, from Rp 3.28 trillion as of the same month of last year.

Recently, Panin Bank issued 60.18 million rights shares with a face value of Rp 1,000 (44 U.S. cents) each, worth Rp 114 billion. (31)