Saturday, November 19, 2011

INDONESIA - BANKING - Bank Syariah Mandiri Profit Grows 27.8%

Theindonesiatoday.com - PT Bank Syariah Mandiri (BSM) posted net profit of Rp409.12 billion in the first 9 months of 2011, grew 27.8% compared to Rp320.05 billion in the corresponding period of last year.

It said operating income after sharing profit distribution reached Rp2.16 trillion, jumped 37.7% from Rp1.54 trillion a previous year. While operating profit was Rp548.59 billion, rose 26.8% from Rp432.5 billion in first 9 months of 2010.

It said assets increased 55% to Rp43.51 trillion as of September 2011, of which murabaha credit or receivables amounted Rp23.49 trillion.  (source)



BSM currently has 520 outlets, consisting of 120 office branches, 264 co-branches, 31 cash offices, 51 syariah service counters and 54 payment points.

BSM focus its financing on micro, small and medium business, with financing for corporates accounting for 31.94% and the rest 68.06% of financing allocating to non corporates. ( hans@theindonesiatoday.com)

Source : http://www.theindonesiatoday.com/finance-headlines/bank-syariah-mandiri-profit-grows-278  - Nov 17, 2011

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