BANKING - Bank Syariah Mandiri books Rp 418.5b in profit

PT Bank Syariah Mandiri, a subsidiary of Bank Mandiri, the country’s strongest bank in assets, says it booked Rp 418.5 billion in net profits last year, a 43.8 percent increase from the Rp 290.9 billion it earned in 2009.

In a press release issued Tuesday as quoted by tempointeraktif.com, Syariah Mandiri says its operational income was the backbone of its profits. The bank also said it had gained more trust from customers since its third-party fund placement had increased by 49. 9 percent from Rp 19.3 trillion in 2009 to Rp 29 trillion in December last year. (full story)


A significant increase was also seen in financing, which rose from Rp 16 trillion in 2009 to Rp 23.9 trillion in December last year.

The figure also helped the bank increase its assets to Rp 32.4 trillion, up 47.4 percent from Rp 22 trillion in 2009.

Source : http://www.thejakartapost.com/news/2011/04/19/bank-syariah-mandiri-books-rp-4185b-profit.html - April 19, 2011