KUALA LUMPUR: Maybank Indonesia’s net profit after tax and minority interests (Patami) rose 10.4% to 490.1 billion rupiah (RM160mil) in the first quarter ended March 31, 2017, from 443.9 billion rupiah (RM144.9mil) 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 syariah banking, the bank said in a statement on Thursday.
Maybank Indonesia, or PT Bank Maybank Indonesia Tbk, recorded loans growth of 5.7% to 114.2 trillion rupiah from 108.1 trillion rupiah previously.
Global banking loans soared 20.8% to 26.0 trillion rupiah from 21.5 trillion rupiah, benefiting from the re-aligning and re-profiling of portfolio.
Its small and medium enterprises and commercial loans grew by 9% to 50.5 trillion rupiag, while retail banking loans eased by 6.2% to 37.7 trillion rupiah due to a slowdown in consumer spending.
Maybank group president and chief executive officer, Datuk 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
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