JAKARTA: PT Bank Panin Tbk booked IDR1.29 trillion consolidated net profit in the first 6 months of 2012, soared 52.18% from the same period of last year at IDR848.31 billion.
Bank Panin Vice President Director Roosniati Salihin said the increase was driven by net interest income following the growth in loan and fee based income. The company’s net interest income in the first semester of 2012 reached IDR2.65 trillion, increased 11.29% from the same period of last year at IDR2.38 trillion.
“The total corporate loan reached IDR88.56 trillion,” Roosniati told Bisnis, Tuesday (7/31).
The amount increased 31.91% from the first half of last year worth IDR67.13 trillion. She said 66% from the total loan was distributed to retail sector, i.e. to consumer and small-medium enterprises.
Meanwhile, the remaining was distributed to corporate sector. Despite the increasing loan disbursement, the non-performing loan (NPL) ratio decreased from 3.83% in the first semester of 2011 to 3.25% in this year.
“Our fee based income reached IDR1.1 trillion as of June,” said Roosniati. The operating income other than interest also increased to IDR1.14 trillion from IDR1.03 trillion. Bank Panin’s Operations Expenses on Operations Income (BOPO) in the first semester increased to 76.98% from 79.96%. (T07/aph)
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