Corporations performance so far (2)
Three banks have published their 2006 financial statement today. Bank Permata (controlled by Standard Chartered), Bank Niaga (Khazanah Berhad), and Bank Kesejahteraan Ekonomi (Recapital Advisors has 21% shares) recorded profit growth of 5.6%, 18%, and -13% respectively.
Bank Permata's total asset as of Dec 2006 was Rp37.7 trillion (against Rp34.59 trillion in Dec 05), while Niaga at Rp46.45 trillion (against Rp41.36 trillion). Both banks recorded significant increase in net interest margin but like other banks, they also booked higher provisions on asset write-offs. Both banks reported significant increase in expenses for human resources with Niaga at 42%.
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Bank Permata's total asset as of Dec 2006 was Rp37.7 trillion (against Rp34.59 trillion in Dec 05), while Niaga at Rp46.45 trillion (against Rp41.36 trillion). Both banks recorded significant increase in net interest margin but like other banks, they also booked higher provisions on asset write-offs. Both banks reported significant increase in expenses for human resources with Niaga at 42%.
READ MORE!!!
posted by yosef at 6:52 AM
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