JAKARTA (Yosefardi) – PT Bank Mega Syariah booked net profit of Rp209 billion in 2013, grew by 13.1% from Rp184.8 billion in 2012.
Higher cost of funds, along with higher BI Rate, affected the slower growth in profit last year. The bank’s financing totaled Rp7.1 trillion in 2013, grew by 14.51% from Rp6.2 trillion in previous year.
Joint financing for motorcycle segment reached Rp3.6 trillion and financing for micro segment amounted Rp3.2 trillion. Third party funds totaled Rp7.8 trillion.
The bank targets its financing to grow by 12-15% this year while profit is targeted to grow by minimum 5%.