Bank Panin Financial Institution and International Director Hendrawan Danusaputra said on Monday the bank still had to study its fund needs as well as demand from investors.
"We will still study whether to issue bonds or sub-debts. We will also look at demand. Earlier we have issued bonds worth Rp3 trillion," he said.
The bonds would likely mature at least in five years, he said.
Bank Panin posted a consolidated net profit of Rp2.0533 trillion last year, an increase of 41.7 percent compared to the year before.
At its general meeting of shareholders held recently the bank decided to use the 2011 net profit as retained earnings to strengthen capital in its business expansion, he said.
He said the increase in net profit was fueled by net interest income and fee-based income. Net interest income rose 23 percent to Rp5.05 trillion, while loan-to-deposit ratio increased to 80.36 percent from 74.22 percent.
The general meeting of shareholders also agreed to reappoint members of the boards of directors and commissioners who had just ended their term of office. he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
