"The net profit declined, but it was natural because of the inflation," a bank director Vera Eve Lim said.Jakarta (ANTARA News) - Publicly traded lender PT Bank Danamon Indonesia reported a slight 1 percent fall on-year in net profit to Rp1.985 trillion in the first half of the year.
The country`s sixth largest bank recorded Rp2.003 trillion in net profit in the first six months of 2012.
"The net profit declined, but it was natural because of the inflation," a bank director Vera Eve Lim said here on Thursday.
Vera said the net profit was thanks mainly to a 6 percent increase to Rp6.7 trillion in net interest income in the first half of the year.
She said the bank also recorded an increase of 9 percent to Rp2.4 trillion in fee-based income.
A strong growth of 16 percent to Rp228 billion was also recorded in income contribution from its insurance subsidiary Asuransi Adira and a 10 growth in income from Bankassurance busienss to Rp164 billion under the cooperation between the bank and insurance company Manulife Indonesia, Vera said.
She said the banks recorded a 12 percent increase in giro deposits to Rp15.6 trillion and 10 percent rise in savings to Rp26 trillion.
She said the bank has risen in rank to the fifth largest in the country based on a survey on Bank Service Excellence Monitor (BSEM) 2013 by "Marketing Research Indonesia" (MRI).(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
