JAKARTA (Yosefardi) – PT Bank Panin Tbk (PNBN) posted profit after tax of Rp723.39 billion in first quarter (Q1) of this year, jumped 32% from Rp548.39 billion in the corresponding period of last year.
Net interest income was flat at Rp1.47 trillion compared to Rp1.44 trillion earlier. Net interest margin (NIM) was 3.78%. The bank booked interest income of Rp3.57 trillion. Profit from operation rose 4% to Rp904.91 billion from previous Rp869.62 billion.
Its assets reached Rp162.69 trillion of which credit amounted Rp111.11 trillion. Third party funds totaled Rp117.84 trillion. The bank’s CAR was 16.2% while LDR stood at 89.13%.