|
Company News
BNP Books Rp.28 Billion Net Profit
Bisnis Indonesia, page B3 (3-April-2006)
PT Bank Nusantara Parahyangan Tbk (BNP) booked a profit of Rp.40.5 billion in 2005 and a net profit of Rp.28.3 billion. This is due to contributions from the net interest that was quite significant in 2005. In 2005, its net interest reached Rp.241.1 billion, up 38 percent compared to 2004. Its interest expense was booked at Rp.147.5 billion, up 61.2 percent from the previous year. The interest income was smaller than the interest expense and net interest booked. Even so, it still managed to rise 12 percent to Rp.93.6 billion. In 2005, BNP’s credit distribution reached Rp.1.46 trillion, up 35 percent from 2004. This shows that its intermediate function, manifested in loan-to-deposit ratio (LDR) rose from 52.39 percent in 2004 to 57.03 percent in 2005. An increase of operational costs by 87 percent was caused by an increase in administration costs and general, wages, and the building of 7 branch offices. BNP Increases Savings
Bisnis Indonesia, page B3 (16-February-2006)
In 2006, Bank Nusantara Parahyangan Tbk (BNP) will increase third party funds through savings. Last year, the bank recorded a third party fund growth of 24 percent to Rp.2.56 trillion and reached assets worth Rp.2.84 trillion. Money from savings is hoped to create a balance because the current largest composition is still coming from fixed deposits.
The bank’s performance throughout 2005 had improved. This could be seen from the bank’s credit channelling growth of 35 percent to Rp.1.5 trillion compared to the previous year. Also, it could be seen from the bank’s capital which reached Rp.169 billion.
For 2006, the bank plans on being consistent in channelling credit to sectors which have the safe risk rate. BNP projects a 40 percent growth which has to be achieved in order to execute its plan for expansion. The bank also projects its assets can exceed Rp.3.5 trillion this year. Last year, BNP booked a profit of Rp.40.6 billion.
|
