JAKARTA (Yosefardi) – State-owned loan collateral provider Perum Jaminan Kredit Indonesia (Jamkrindo) booked net profit Rp270 billion in the first half of 2014, grew by 12.5% from Rp240 billion in the same period of 2013.
Net investment income jumped 51% to 214 billion from previous Rp143 billion. Its assets totaled Rp8.41 trillion while liability amounted Rp1.66 trillion.
The company earlier said it expects to book profit before tax of Rp705.67 billion this year, a 18.3% rise compared to Rp596.1 billion estimated for 2013.
It targets loan collateral to reach Rp60.9 trillion this year, compared to Rp45 trillion last year.
The company allocates capital expenditure (capex) of Rp180 billion for this year, and plans to open 14 new office branches.