Friday, April 10, 2009

BANK RAKYAT INDONESIA TO ROLL OUT 4,000 NEW ATMS

JAKARTA, Apr 08, 2009 - Publicly traded bank, PT Bank Rakyat Indonesia (BRI) (JSX:BBRI) said it will have 4,000 new units of automatic teller machines (ATM) this year.

With the additional units the state bank will have 6,700 units of ATM or the largest owned by a bank in the country, the bank Operation Director Sarwono Sudarto said.
BRI, which recorded the largest net profit last year, also plans to build 1,500 new branch offices bringing the total number of its branches to 7,000 by the end of this year, Sudarto said.

He said the country's third largest bank by assets has an ambition to become the largest lender in the country with international standard service and quality.

Friday, April 3, 2009

Bank Negara Indonesia to lend another US$25.6 mln to shipbuilder

JAKARTA-

PT BANK NEGARA INDONESIA (BNI) has agreed to provide additional loan of US$ 25.6 million for state shipbuilding company PT PAL INDONESIA.

PT PAL will use the fund to build four tankers on orders from Turkey and Italy, Gatot Murdianto Suwondo, the president of the state bank , which already provided a loan of US$ 83 million earlier for PT PAL.

Gatot said the two state companies have reached an agreement that BNI will finance projects to be built by PT PAL. April 02, 2009.

Rp 5 Trillion for Steam Power Plants

Jakarta-
The Regional Development Bank formed a consortium to help loan Rp5 trillion for 16 steam power plants in Indonesia. The consortium includes 22 regional development banks and PT Bank Rakyat Indonesia.

Head of the association of regional development banks, Winny E. Hasan, said the power plant project is guaranteed by the government so it is secure.

“Lead managers of the consortium include Bank DKI in partnership with Bank Papua, Bank Jatim, Bank Kaltim, and Bank Sulsel,” said Winny yesterday.

She said that the Regional Development Bank has been giving loans for infrastructure projects like electricity and potable water facilities. Thursday, 02 April, 2009 Powered by Tempo Interaktive

Bank Syariah Mandiri posts strong growth in net profit

Jakarta –
Indonesian Islamic bank PT Bank Syariah Mandiri (BSM) reported a 70.12 per cent surge in net profit to Rp194.42 billion (US$17.6 million) last year from Rp115.45 billion in the previous year.

BSM management said a strong growth in financing was the main contributor to the rise in net profit last year. Its outstanding financing rose 28.59 per cent to Rp13.28 trillion from Rp10.33 trillion, the bank said in a statement yesterday.

Significant growth was also recorded in its fee-based income rising to Rp300.99 billion from Rp209.96 billion.

Wednesday, April 1, 2009

Indonesian third-largest bank BRI profit up by 23 pct in 2008

JAKARTA -
Indonesia's state-owned Bank Rakyat Indonesia or BRI net profit rose by 23 percent to 5.96 trillion rupiah (some 512.56 million U.S. dollars) last year compared with the year 2007, the bank said on Tuesday in its report. "Amid the global financial routs, the bank still shows its best performance," Director for Operation of the bank Sarwono Sudarto said here.

Banks in Indonesia have been expected to cut lending rate following the rate cut by 50 basis points to 7.75 percent recently to boost economic growth. March 31, 2009

INDONESIA'S BANK CENTRAL ASIA 2008 NET PROFIT UP 28.7 PCT

JAKARTA-
PT Bank Central Asia Tbk (BCA) (JSX:BBCA) booked a net profit of Rp5.8 trillion (US$504.6 million) in 2008, which was an increase of 28.7 per cent from the previous year's Rp4.5 trillion.

Its president director, D.E Setijoso, said to reporters here on Monday the main factors behind the hike were net interest and fee-based incomes which had risen significantly.

The hike was also caused by five per cent reduction in income tax tariff in line with the implementation of Government Regulation Number 61 of 2007 for public corporations to meet qualifications.

The rise of the bank's net interest income by 29.0 per cent to Rp12.4 trillion was driven by significant credit growth, profitable composition of third party funds and balanced composition of productive assets.

The bank's fee-based income rose 36.5 per cent to Rp3.9 trillion on growth of income from transaction and account services, he said.

BCA by the end of 2008 also recorded 3.4 per cent return on assets and 30.2 per cent return on equity.

Setijoso said in the midst of current challenges BCA remained focussed on its efforts to maintain the position of its liquidity and strong capital structure.
"We continue to maintain and apply the BCA business model that has passed tests to optimize income what will strengthen the company's capital," he said.

BCA, he said, booked a significant credit growth in all segments of 36.9 per cent to Rp112.8 trillion compared with the same period last year which was recorded at only Rp82.4 trillion.

As a result its loan to deposit ratio rose to 53.8 per cent from the same period last year which was recorded at only 43.6 per cent. The bank's corporation credits grew 42.3 per cent to Rp46 trillion due to shortage of alternative funding sources for corporate clients.

The bank's portfolio of commercial credits and credits to small and medium businesses rose 27.3 per cent to Rp45.9 trillion, he said.

He said the bank's non-performing loans were relatively small recorded at only 0.6 per cent with an allocation of reserves for problematic credits increasing 408.4 per cent to Rp2.6 trillion.

He said in the midst of market uncertainty quality of credit portfolio had declined but it was still within a normal range.

Setijoso said the bank's third party funds grew 10.8 per cent to Rp209.5 trillion, supported by funds from savings and giro accounts.

Total savings rose 11.3 per cent to Rp105.4 trillion and total giro accounts rose 16.5 per cent to Rp51.2 trillion.

BCA has a strong foundation to continue its effort in developing a value franchise as a transactional bank by investing in network infrastructure and enriching variety of products and services to give comfort to customers when conducting transactions," he said.

Indonesia's BRI says 2008 net profit up 23 pct

JAKARTA -
Indonesia's third-largest lender, PT Bank Rakyat Indonesia Tbk (BBRI.JK), on Tuesday reported a 23 percent rise in 2008 net profit, beating analysts' forecasts.

The state-owned lender said in a statement that full-year net profit was 5.96 trillion rupiah ($516.9 million), compared to 4.84 trillion rupiah a year earlier.

Analysts polled by Reuters Estimates had forecast a net profit of 5.58 trillion rupiah. ($1=11530 Rupiah). March 30, 2009 by Reuters.