ID :
26987
Tue, 10/28/2008 - 14:58
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http://m.oananews.org//node/26987
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BTPN POSTS RP504 BILLION IN OPERATING PROFIT
Jakarta, Oct 27 (ANTARA) - State-owned Bank Tabungan Pensiunan Negara (BTPN) Tbk in the third quarter of 2008 posted Rp504.3 billion in operating profit, fueled by 36.8 percent rise in net interest income.
The operating income jumped 35 percent from the same period last year, BTPN President Director Jerry Ng said in a press statement on Monday.
Net profit in the third quarter of 2008 rose by 32.1 percent to Rp323.2 billion from the same period last year, the statement said.
The bank's credit expansion between September 2007 and September 2008 grew 34 percent with the amount of credits totaling Rp10.116 trillion, it said.
The credit growth was followed by a drop in the ratio of gross and net non-performing loans (NPLs) to 0.77 percent and 0 percent respectively from 1.9 percent and 0.32 percent in the month ended on September 30, 2007, it said.
The bank's return on equity (ROE) and return on asset (ROA) in the month ended on September 30, 2008 were 32.7 percent and 5.15 percent respectively, while its capital adequacy ratio (CAR) reached 24.87 percent, the statement said.
Jerry said the pensiun market segment had given a positive contribution to the bank's performance.
The operating income jumped 35 percent from the same period last year, BTPN President Director Jerry Ng said in a press statement on Monday.
Net profit in the third quarter of 2008 rose by 32.1 percent to Rp323.2 billion from the same period last year, the statement said.
The bank's credit expansion between September 2007 and September 2008 grew 34 percent with the amount of credits totaling Rp10.116 trillion, it said.
The credit growth was followed by a drop in the ratio of gross and net non-performing loans (NPLs) to 0.77 percent and 0 percent respectively from 1.9 percent and 0.32 percent in the month ended on September 30, 2007, it said.
The bank's return on equity (ROE) and return on asset (ROA) in the month ended on September 30, 2008 were 32.7 percent and 5.15 percent respectively, while its capital adequacy ratio (CAR) reached 24.87 percent, the statement said.
Jerry said the pensiun market segment had given a positive contribution to the bank's performance.
