JAKARTA (Indonesia Today) – PT Bank Pembangunan Daerah Sumatera Utara (Bank Sumut) recorded 19.6% decrease on its first half 2012 net profit to Rp180.1 billion despite growing revenues.
Its net interest income for the period rose 17.6% to Rp681.1 billion . However, as operating expenses doubled, the bank saw its operating profit dropped 28.5% to Rp246.4 billion. Earnings per share stood at Rp2,263.
Net interest margin (NIM) decreased more than 2 percentage points to 8.59%, while return on equity (ROE) lost 15 points to 25.73%. NPL and CAR stood at 1.97% and 13.89% respectively.
As of June 2012, is assets totaled Rp21.3 trillion, an increase of 12% rose from end 2011. Liabilities grew 14% to Rp20 trillion. (bintang@theindonesiatoday.com)