JAKARTA: Although Standard Chartered Bank Indonesia posted higher net profit up to twofold throughout 2011, its non-performing loan exceeds 7.87%.
Such net profit reached IDR806.59 billion at the end of 2011 compared to IDR425.48 billion in 2010.
Based on its public exposure today, April 27, 2012, the increased net profit was boosted by the growing net interest income around 31.34% to IDR1.76 trillion from previously IDR1.34 trillion.
It rose as lending expansion grew 21.19% to IDR25.27 trillion compared to IDR20.86 trillion.
In addition, the company’s operation revenue from commission, provision, and fee rose to IDR1.13 trillion in 2011 from IDR1.04 trillion in 2010.
The report also shows that the bank’s third party fund (DPK) increased 31.79%, to IDR24.75 trillion.
However, twofold increase only occurred in deposit to IDR12.22 trillion and giro by 11.3% to IDR8.8 trillion. On the contrary, savings portfolio fell to IDR3.72 trillion from previously IDR3.97 trillion. (T06/aph)