Saturday, October 29, 2011

INDONESIA - BANKING - Bank DKI Earned Rp 304 Billion Profit - its UUS will launch Hajj & Umrah Bailout Funding


beritajakarta.com - Residents’ trust toward DKI Bank services is increasing. It is proven by the bank financial performance improvement. Until September 2011, Bank DKI earned profit before tax as much as Rp 304 billion or grows 28.27 percent compared to the same period in 2010 as much as Rp 237 billion.  (source)

Overall, DKI Bank assets increase 9.89 percent from Rp 17.67 trillion in September 2010 to Rp 19.42 trillion in September 2011. DPK increases from Rp 15.12 trillion per September 2010 to Rp 15.31 trillion per September 2011 or grows 1.25 percent. DPK composition of DKI Bank can be maintained well and fine with budget of provincial government and residents reached 47%:53%. The biggest portion is still donated by deposit fund reached 42.90 percent from total DPK in September or costs Rp 6.57 trillion from deposit achievement per September 2010 costs Rp 7.39 trillion. Then, followed by giro fund reached 38.80 percent from total of DPK or costs Rp 5.94 trillion per September 2011, which increase 8.02 percent from giro fund per September 2010 costs Rp 5.50 trillion. The saving is increasing 25.47 percent from 2.23 trillion per September 2010 becomes Rp 2.80 trillion or 18.30 percent from total DPK. This is results of DKI Bank management policy which undergoes DPK balancing by improving low cost funds from giro and savings.

Credit distribution growth also had developed Rp 2.17 trillion or 27.35 percent from Rp 7.95 trillion per September 2010 to Rp 10.12 trillion with composition between consumptive and productive credits 57%:43%. The higher credit growth than DPK growth increases LDR ratio from previous one was as much as 52.58 percent in September 2010 into 66.11 percent in September 2011. About LDR, DKI Bank is very careful in doing credit expansion so that NPL keep maintaining well. For DPK, DKI Bank is more concern to the quality improvement of budget structure with deposan replacement with high interest based on counter rate. This aims to manage LDR in acceptable amount for DKI Bank.

In terms of efficiency, DKI Bank has reduced BOPO ratio from 83.17 percent per September 2010 to 78.70 percent per September 2011. Return on Equity (ROE) increased from 24.26 percent per September 2010 to 30.30 percent per September 2011. Return on Assets (ROA) increased from 2.04 percent per September 2010 into 2.39 percent per September 2011. NIM (Net Interest Margin) increased from 5.85 percent in June to 5.74 percent in June 2011. NPL gross increased from 3.93 percent in September 2010 to 3.79 percent in September 2011. “DKI Bank financial ratios are still in adequate rate,” stated DKI Bank General Director, Eko Budiwiyono, Friday (10/28).

In improving its quality services, DKI Bank will undergo strategic cooperation by joining in Prime ATM network to develop service features and network extension besides ATM Bersama. DKI Bank has also become Western Union agent to complete various money distribution services which could be used by its clients besides through BPD Net Online. For syariah banking, DKI Bank through its UUS will launch Hajj & Umrah Bailout Funding in the nearest time.

Currently, DKI Bank is preparing network extension by opening 50 service offices in several big cities in Indonesia which started with the inauguration of Tangerang Office Branch. “Improving financial performance and service quality DKI Bank targets in developing image as feasible investment bank,” expressed Eko.
 

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