Danamon Net Profit Jumped 61 Percent

October 29, 2010

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This increase was contributed by the growth of credit from various customer segments. Similarly, Bank press release Danamon.Kondisi a stable business in the last few quarters has allowed Danamon to reach the level of loan growth across all business lines, said Director of Danamon Henry Ho,

At the end of September 2010, Danamon\'s loans reached USD 77.373 billion or grew by 25 percent from Rp 62.145 trillion in the same period last year. In the third quarter of 2010, total loans grew by 9 percent from Rp 71.074 trillion at the end of June 2010. Our strength in micro-banking services has been accompanied by increasing our presence in the commercial segment and small and medium enterprises (SMEs). The second segment will play a larger role in future growth Danamon credit, continued Henry.

In line with the growth in terms of lending, funding has also continued to show improvement. In the past year, our third-party funding record a strong growth trend, says Chief Financial Officer and Director of Danamon Vera Eve Lim.

The portion of current and savings accounts (CASA) Danamon covers 39 percent of total third party funds reached Rp 27.827 trillion from Rp 21.550 trillion at the end of September 2009. Demand deposits grew 23 percent while savings rose 32 percent in setahunan, respectively reached USD 8.697 trillion and Rp 19.129 trillion, Vera continued. (Kompas.com)

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