There was an error in this gadget

Tuesday, 1 May 2012

All divisions boost Maybank unit

印尼市场开始带来很好的贡献,好事!好事!

-------------------------------------------------------------------------

All divisions boost Maybank unit

JAKARTA: Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Internasional Indonesia Tbk (BII) recorded a
78% increase in its net profit to 267 billion rupiah (RM87.95mil) for the first quarter ended March 31, due to strong loan growth, better performance of the bank’s core businesses, and improvement of the overall banking operations.

Maybank said in a statement yesterday that the decline in provision expenses due to improving asset quality also contributed to the stronger bottom line.

The bank also continued to book strong loan growth in the first quarter.

Khairussaleh: ‘
BII continues to grow.’

It recorded a 23% consolidated loan growth from 56.7 trillion rupiah in March 2011 to 69.8 trillion rupiah in March 2012, consisting of 25.7 trillion rupiah or 37% from consumer loans, 17.1 trillion rupiah or 24% from SME loans, 8.4 trillion rupiah or 12% from commercial loans, 18.2 trillion rupiah or 26% from corporate loans and 372 billion rupiah or 1% from syariah banking.

“The solid loan growth has brought the total asset to 96.5 trillion rupiah, an increase of 25% from the previous corresponding period,” Maybank said.

“The bank’s growth across its business segments was accompanied by improved asset quality,” it said, adding that BII’s gross non-performing loans (NPL) level dropped to 2% from 2.57% previously and net NPL improved to 1.04% from 1.40%.

Maybank said the improvement in asset quality was achieved mainly through the bank’s prudent and disciplined banking practices as reflected by continuous effort in strengthening its risk management and credit processing as well as closer monitoring of existing borrowers.

In the same statement, BII president director Datuk Khairussaleh Ramli said he was pleased with the bank’s first-quarter results, adding that it was a good beginning for the year.

“I am indeed excited with the growth prospects of BII, as it continues to grow together with Indonesia. Our objective is to ensure that our business growth and performance are sustainable across all business segments, and we continue to capture market share profitably while ensuring good asset quality,” he said.

Maybank chairman and president commissioner of BII, Tan Sri Megat Zaharuddin Megat Mohd Nor said BII’s sustained strong growth trajectory further strengthens it as Maybank’s franchise in Indonesia, serving widening communities across the archipelago.

“With increasing organisational capabilities and regional linkages to the Maybank group, our staff are fully energised to fulfill customer needs, from simple to ever sophisticated products and services in this most dynamic economy of Asean,” he said.

No comments:

Recent Posts