JAKARTA (Yosefardi) – PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) booked net profit of Rp1.28 trillion in 2013, grew by 22% from Rp724.64 billion in 2012.
The bank targets 20% profit and credit growth for this year. BJTM’s capital adequacy ratio (CAR) reached 20% by end of last year while loan to deposit ratio (LDR) stood at 83%.
Bank Jatim targets its credit to grow by 22.75% last year and third party funds to grow by 22.11%. The bank plans to boost its core capital to Rp5 trillion from current Rp4.63 trillion.
At 10.10 am Jakarta time, BJTM gained 0.24% to Rp413 per share with over 3.3 million shares exchanged hands.