Tuesday, August 31, 2010

BANKING - Permata Syariah gains IDR59 billion profit

JAKARTA: Subsidiary of PT Bank Permata Tbk, Bank Permata Syariah, booked an increase in net income up to 100% from IDR29 billion in the H1/2009 to IDR59 billion in H1/2010.

Achmad K. Permana, Head Permata Syariah, said that the increasing net income was supported by the increases in revenue and financing such as margin of murabahah and lease of ijarah muntahiyah bittamlik (IMBT) amounting IDR68 billion or rose 72% from IDR39.5 billion in the same period last year.

The company's total revenue in H1/2010 reached IDR106.2 billion or grew 98% from IDR53.7 billion in same period previous year.

"The transformation of business models by combining sharia business and infrastructure, development of various products and services that suit to the customers' needs now begin to yield," he said, last weekend.

Achmad uttered that the company's total third party funds (TPF) in H1/2010 reached IDR1.1 trillion or jumped 31% from H1/2009 amounting IDR866.2 billion.

The iB savings also jumped 117% to IDR482.6 billion from previous position at IDR222.5 billion. On the other hand, iB deposits grew 17% to IDR518 billion from 441.9 billion in the end of June 2009.

Meanwhile, iB current accounts decreased 34% from IDR201.8 billion to IDR132.2 billion. "The capitalization is in a quite good shape with Capital Adequacy Ratio [CAR] at IDR12.5%, above Bank Indonesia's requirement at 8%," he added.

Beside that, the company's assets booked a slight growth of 4% from IDR1.49 trillion in June 2009 to IDR1.56 trillion in June 2010.

by: Anggi Oktarinda & Sekti Dewi Mayestika
Source : http://bisnis.com/en/corporate/1id204569.html - Aug 30, 2010

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