Bank Niaga asset grew 19.6%, profit up 15%
PT Bank Niaga Tbk, the listed subsidiary of Malaysia's Bumiputera-Commerce Holdings Berhad, booked net profit of Rp353 billion in first half 2006, an increase of 15% from the same period last year. Bad loans keeps increasing though.
According to the company's published financial statement today, Bank Niaga's total asset as of June 30, 2006 was Rp40.79 trillion (US$4.6 billion), 19.6% growth of Rp34.12 trillion in June 2005 mainly due to increasing time deposits. The bank, saved from bankruptcy with huge government bonds, disbursed more loans in H1 2006, especially rupiah denominated loans. But total loans in fifth category (loss) jumped from Rp100.85 billion in June 2005 to Rp728.8 billion in June 2006. In the special mention category, the amount also increased from Rp1.76 trillion to Rp2.66 trillion.
Bumiputera-Commerce owns 65.03% shares of Bank Niaga. Khazanah Nasional Berhad and Employee Provident Fund (EPV) have 20.95% and 17.04% shares respectively in Bumiputera-Commerce Holdings.
READ MORE!!!
According to the company's published financial statement today, Bank Niaga's total asset as of June 30, 2006 was Rp40.79 trillion (US$4.6 billion), 19.6% growth of Rp34.12 trillion in June 2005 mainly due to increasing time deposits. The bank, saved from bankruptcy with huge government bonds, disbursed more loans in H1 2006, especially rupiah denominated loans. But total loans in fifth category (loss) jumped from Rp100.85 billion in June 2005 to Rp728.8 billion in June 2006. In the special mention category, the amount also increased from Rp1.76 trillion to Rp2.66 trillion.
Bumiputera-Commerce owns 65.03% shares of Bank Niaga. Khazanah Nasional Berhad and Employee Provident Fund (EPV) have 20.95% and 17.04% shares respectively in Bumiputera-Commerce Holdings.
Labels: Khazanah
READ MORE!!!
posted by yosef at 7:42 AM
0 Comments:
Post a Comment
<< Home