The bank’s profit before tax rose 14% to Rp2tril in the period under review.
According to the bank, the improved performance was mainly owing to loan growth, particularly in global banking, effective cost management control and its achievements in sharia banking.
Loans growth increased 4.6% to Rp121.8tril in the previous year while global banking loans saw more robust growth of 29% to Rp28.2tril on the back of infrastructure financing in line with the Indonesian government's initiatives.
Community financial services (CFS) non-retail loans, comprising of micro, SME and business bnakig, grew 3.4% to Rp51.4tril while CFS retail loans contracted 6% to Rp42.2tril due to slower growth in the consumer sector.
The bank saw an increase in customer deposits from Rp115.6tril in the 2016 period to Rp119.1tril in M9FY17, with the bank's CASA ratio reaching 38% due to a focus on cash management.
Its current account increased 10.2% in the nine months of FY17 to Rp20.8tril.
"The bank’s continuous improvement on its electronic channels which includes its internet-based mobile banking facility Maybank M2U has also contributed to the improved liquidity position," it said.
Sharia banking saw a 63.3% increase in net profit to Rp561.6mil with total financing rising 50.5% to Rp17.1tril and total deposits rising 42.1% to Rp14.4tril.
Its total assets increased 35% to Rp24tril, reflecting 14.2% of the bank's total assets.
PT Bank Maybank Indonesia's subsidiary PT Maybank Indonesia Finance, recorded a 30.6% increase in total financing to Rp7tril. Its profit before tax increased 14% to Rp246.9bil.
Another subsidiary, PT Wahana Ottomitra Multiartha Tbk, recorded a profit before tax of Rp132.2bil in M9FY172017 versus Rp72.8bil in the previous corresponding period.
Its total financing portfolio rose to Rp6.1tril from Rp5.7tril.
“With the growth momentum in our Global Banking business, we look forward to continue reaping more benefits from this improved segment. We will also seize opportunities to expand our Community Financial Services Non-Retail segment in the coming quarters," said Taswin Zakaria, president director of Maybank Indonesia.
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