Maybank Indonesia Records Higher Patami In Q1

KUALA LUMPUR, April 28 (Bernama) -- Maybank Indonesia’s net profit after tax and minority interests (PATAMI) rose 10.4 per cent to 490.1 billion rupiah (US$1= Rp13,330.79) in the first quarter ended March 31, 2017 from Rp443.9 billion in the same quarter last year. The better performance was due to higher net interest income, effective cost management, healthy growth in corporate loans and continued outstanding performance in Shariah banking, the bank said in a statement Thursday. Maybank Indonesia or PT Bank Maybank Indonesia Tbk, recorded loans growth of 5.7 per cent to Rp114.2 trillion from Rp108.1 trillion previously. Global Banking loans soared 20.8 per cent to Rp26.0 trillion from Rp21.5 trillion, benefiting from the re-aligning and re-profiling of portfolio. Its small and medium enterprises and commercial loans grew by nine per cent to Rp50.5 trillion, while retail banking loans eased by 6.2 per cent to Rp37.7 trillion due to a slowdown in consumer spending. Maybank Group President and Chief Executive Officer, Abdul Farid Alias, said Maybank Indonesia would continue to focus on asset quality, and at the same time, tap into growth segments in the coming quarters particularly in supporting the government’s various economic development projects. -- BERNAMA