Monday, October 31, 2011

Bank Internasional Indonesia 9-month earnings up 34% to RM193.04m

KUALA LUMPUR (Oct 31): MALAYAN BANKING BHD []'s PT Bank Internasional Indonesia Tbk (BII) reported consolidated net profit of Rp555 billion (RM193.04 million) for the January-September period, up 34% from Rp415 billion a year ago.

BII said on Monday 'the increase was achieved on the back of solid growth across the Bank's core businesses as well as from its overall operational improvements'.

It recorded a 22% consolidated loan growth from Rp50.8 trillion in September 2010 to Rp61.9 trillion in September 2011, underpinned by small and medium enterprises (SME) and commercial loans.

SME and commercial loans accounted for the largest growth of 26% from Rp17.6 trillion in September 2010 to Rp22.2 trillion in September 2011.

Corporate and consumer loans increased by 23% and 19% respectively on-year. Corporate loans accounted for 24% of total loans, while SME and commercial and consumer loans contributed 36% and 40% respectively.

BII's total assets as of Sept 30, 2011 increased 26% to Rp90.9'' trillion from Rp72.2 trillion a year ago.

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