PT Bank Maybank Indonesia Tbk announced that its profit after tax and minority interests (PATAMI) increased 16.3% to Rp998.5 billion for the first semester ended 30 June 2017 from Rp858.4 billion in the previous corresponding period ended 30 June 2016 on the back of overall improvement in its core banking business.<\/p>\n
NII rose 7.0% to Rp3.8 trillion in the first semester 2017 from Rp3.6 trillion in first semester of 2016. The increase in NII was mainly a result of the Bank\u2019s discipline in loan pricing and active funding management. \u00a0The Bank also reported an increase in its Net Interest Margin (NIM) to 5.3% in June 2017 compared with 5.0% in June 2016.<\/p>\n
The Bank\u2019s fee based income increased by 9.1% from Rp1.3 trillion in June 2016 to Rp1.5 trillion in June 2017. \u00a0The increase in fee based income was achieved from bancassurance, loan recovery, remittances, and other services provided by the Bank.<\/p>\n
Global Banking loans saw strong loans growth of 18.9% to Rp27.3 trillion in June 2017 as a number of key deals were successfully realised, benefiting from the re-aligning and re-profiling of its portfolio.<\/p>\n
The Bank\u2019s Community Financial Services (CFS) Non-Retail loans, which comprises of Micro, Small & Medium Enterprises (SME) and Business Banking grew by 2.0% to Rp50.1 trillion, while CFS Retail banking loans decreased by 6.4% to Rp42.5 trillion in June 2017 due to a slowdown in consumer spending.\u00a0<\/p>\n
The Bank maintained its asset quality with consolidated NPL level remaining at 3.6% (gross) and 2.4% (net) as of June 2017 compared with the previous corresponding period. \u00a0 The Bank was also able to reduce provision expenses by 15.7% to Rp835.8 billion in June 2017 from Rp991.1 billion in June 2016.\u00a0<\/p>\n
Nonetheless, the Bank remains cautious over loan quality as businesses are still impacted by the continued slow movement in the economy.<\/p>\n
The Bank\u2019s LDR (bank only) stood at a healthy 86.7%, while the Loan-to-Funding Ratio (bank only) was at 85.9%. Total customer deposits grew by 5.0% from Rp114.1 trillion in the first semester 2016 to Rp119.8 trillion in the first semester 2017 with the CASA ratio reaching 37.4%. The Bank\u2019s continuous focus on transactional banking and electronic channels which includes its internet based mobile banking facility Maybank M2U also contributed greatly to the improvedliquidity position.\u00a0<\/p>\n
To further strengthen its funding position, the Bank successfully issued Rupiah-denominated Negotiable Certificate of Deposits (NCD) of Rp330 billion in the second quarter of 2017. \u00a0Through this NCD issuance, the Bank was able to demonstrate its sale capability as it was the first NCD issuance without the help of third party arranger. The NCD was issued in two series; A series with 365-day tenure and 7.2% discount rate for Rp300 billion, and B series with 18-month tenure and 7.35% discount rate for Rp30 billion.<\/p>\n
The Bank had also just completed the issuance of a Sukuk Mudharabah and Senior Bond of Rp1.1 trillion. \u00a0Within the minimum book building period, and with optimum pricing, the Bank managed a final issuance of Rp1.1 trillion, which was ample to support the Bank\u2019s business expansion and liquidity. The issuance included Shelf Registration Sukuk Mudharabah II Maybank Indonesia Tranche I and Shelf Registration Bond II Maybank Indonesia Tranche I.<\/p>\n
For the half year under review, the Bank\u2019s capital position continued to improve with CAR increasing to 16.9% as of 30 June 2017 from 15.9% as of 30 June 2016 and total capital reaching Rp22.0 trillion.<\/p>\n
Sharia Banking continued to demonstrate strong performance in the first six months of 2017. Its net profit rose 95.9% to Rp384.9 billion in June 2017 from Rp196.4 billion in June 2016. \u00a0Total Sharia financing rose 49.0% reaching Rp16.2 trillion in June 2017 compared with Rp10.8 trillion in June 2016, while its deposits jumped 41.4% to Rp13.5 trillion from Rp9.6 trillion. Sharia Banking\u2019s total assets rose 30.5% to Rp22.2 trillion, contributing 13.0% of the Bank\u2019s consolidated total assets.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
PT Bank Maybank Indonesia Tbk announced that its profit after tax and minority interests (PATAMI) increased 16.3% to Rp998.5 billion for the first semester ended 30 June 2017 from Rp858.4 billion in the previous corresponding period ended 30 June 2016 on the back of overall improvement in its core banking business. NII rose 7.0% to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-784","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":6262,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/784\/revisions\/6262"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}