• Bank Permata net profit jumps by 62.1% YoY to Rp526.5bn backed by higher consolidated net interest income by 21.2% YoY to Rp1.58tn. This compensated for higher non interest loss of 10.5% YoY.
• CASA growth was strong as low cost of funds sources now made up 42% compared to 36% last year. The company’s CEO explained that loans growth for the company was 19.0% YoY to Rp43.0tn in 1H10.
• On the quality asset side gross NPL was lower with 3.7% and LDR was higher at 88.0%. CAR was also boosted to 13.9% from 3.2%.
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