Thursday, May 19, 2011

BANKING - Sharia Banks Q1 Profit Grows 21%


Theindonesiatoday.com - National syariah banks booked net profit of Rp400 billion in the first quarter of 2011, increased 21.95% from Rp328 billion in the same period of last year.

Bank Indonesia reported on its website syariah banks' Finance outstanding totaled Rp74.25 trillion, surged 47.89% from Rp50.20 trillion in the first quarter of 2010. (full story)

Of total, Finance for working capital amounted Rp32.77 trillion, consumption Rp27.11 trillion and investment Rp14.37 trillion. Non performing Finance (NPF) declined to 3.6% from previous 4.53%.

Finance allocated to small-medium enterprises (SME) rose 42.07% to Rp1.24 trillion while non SME finance increased 12.82% to Rp917.8 billion.(hans@theindonesiatoday.com)


Source : http://theindonesiatoday.com/banking-headlines/10223-sharia-banks-q1-profit-grows-21.html - May 18, 2011


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