Bank Ekonomi’s profit down 21%

Jakarta – PT Bank Ekonomi Raharja Tbk (BAEK) has recorded a profit of IDR 154.14 billion during the year to the end of September, down 21% compared to the same period last year of IDR 195.43 billion.

The profit decrease of the bank, which is 98.94% owned by HSBC Asia Pacific Holdings, was caused by a surge in operating expenses, Kontan reported.

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Bank Ekonomi posts slight increase to profit

Jakarta – The profit of PT Bank Ekonomi Raharja Tbk (BAEK) has grown 4.29% in the first semester of 2012, to IDR 137.40 billion from IDR 131.74 billion last year in the same period.

According to its financial statement published on August 16, 2012, Bank Ekonomi’s fee-based income rose 90.34% to IDR 189.19 billion, from IDR 99.39 billion in the first semester of 2011, Bisnis Indonesia reported. The bank’s operational expenses other than interest equaled IDR 489.22 billion, up 26.42% from IDR 386.95 billion last year in the same period. This dragged down its operating profit to IDR 137.37 billion from IDR 173.68 billion.

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Bank Ekonomi estimates lending up 20%

Jakarta – PT Bank Ekonomi Raharja Tbk (BAEK) estimates its lending in the first semester of 2012 climbed 20% year-on-year. The bank’s lending in the first semester of 2011 equaled IDR 12.75 trillion.

Bank Ekonomi Credit and Operational Risk Director Endy Abdurrahman said the bank targeted its lending to grow by another 15% in the second semester. “About 80% of the bank’s lending was used for investments and work capital,” he said, as quoted by Bisnis Indonesia.

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