JAKARTA (Yosefardi) – Shares of Bank Tabungan Pensiunan Nasional Tbk (BTPN) jumped 4.37% to Rp4,175 this morning after the bank reported the improved earnings for first 9 months to September of 2013 period.
The bank reported profit after tax of Rp1.78 trillion in first nine months to September of 2013 (Q3/2013), grew by 24% from Rp1.44 trillion in the same period of last year.
Net interest income rose 21% to Rp5.27 trillion from previous Rp4.36 trillion. It booked interest income of Rp8.05 trillion (Q3/2012:Rp6.72 trillion). Net interest margin was 29.76% (Q3/2012: 32.38%).
Meanwhile, PT Bank Danamon Tbk (BDMN) reported a flat profit for first nine months to September of 2013 (Q3/2013) as consolidated net profit reached Rp3.09 trillion, compared to Rp3.07 trillion in the same period of last year.
Net interest income increased 5% to Rp10.15 trillion from previous Rp9.66 trillion. The bank booked interest income of Rp14.62 trillion (Q3/2012: Rp13.94 trillion). Net interest margin was 8.6% (Q3/2012: 8.58%).
BDMN shares gained 1.2% to Rp4,150 per share this morning. Other banking stocks, Bank Negara Indonesia rose 1.1%, Bank Tabungan Negara increased 2.08%, while Bank Rakyat Indonesia and Bank Mandiri fell.