JAKARTA: PT Bank Permata Tbk recorded a net profit growth of only 3% to IDR331 billion during the first 3 months of this year, compared with the same period a year earlier.
Meanwhile, the loan channeling amount were IDR74.1 trillion during the QI/2012, up 35% from the same period last year.
Bank Permata President Director David Fletcher said profit growth was driven by the company's operating revenue which reached IDR1.59 trillion as of March 2012, increased 37% compared to March 2011 (IDR1.16 trillion).
"The profit growth is supported by net interest income which increased by 38% year on year (yoy) to IDR1.282 trillion. Meanwhile, benefit-based income rose 36% yoy to IDR311 billion," he said in company’s official statement, yesterday.
The growth is in line with the improvements in gross non-performing loan (NPL) ratio to 1.9% as per March 31, 2012 frim 2.6% a year earlier. Meanwhile, the net NPL ratio rose to 0.6% from 0.7% from the same period last year. (T07/aph)