JAKARTA (Yosefardi) – PT Bank Pembangunan Daerah Jawa Timur (Bank Jatim) Tbk (BJTM) targets to book profit before tax of 1.49 trillion this year, a 18% growth from Rp1.26 trillion from last year.
Bank Jatim booked net profit of Rp884.50 billion in 2015, dropped 5.81% from Rp939.08 billion in 2014, due to higher non performing loan (NPL).
The bank’s loan grew by 8.46% to Rp28.41 trillion last year while total assets increased 12.65% to Rp42.80 trillion. Third party funds rose 13.19% to Rp34.26 trillion. Net interest margin was 6.41%.
Bank Jatim allocates capital expenditure (capex) of Rp300 billion for this year. It is also managed to spin off its syariah unit.