JAKARTA (Yoseefardi) – PT Bank Mayora booked net profit of Rp45 billion in 2015, jumped 160% from 2014, on the back of funds optimalization represented by LDR ratio growth, to 85% from less than 70% in 2014.
Other supports were the fund injection from IFC and other shareholders. IFC now holds 20% stake in Bank Mayora. Bank Mayora has core capital of more than Rp1 trillion.
Bank Mayora intends to launch the initial public offering (IPO) after boosting its assets to up to Rp10 trillion. As at December 2015, its assets reached Rp5.1 trillion.
While loans grew by 24% to Rp3.5 trillion last year, targeted to reach Rp4.3 trillion this year. The bank’s third party fund increased 3% to Rp4 trillion in 2015, targeted to add Rp700 billion this year.