Reuters UPDATE 1-Indonesia's Danamon Q2 net profit jumps 53 pct

* Q2 net profit up 53 pct at 729 bn rph - Reuters calculation

* Reports H1 net profit up 65 pct at 1.43 trln rph

* Loan growth seen above 20 pct in 2010 (Adds figures, quotes)

By Fathiya Dahrul and Janeman Latul

JAKARTA, Aug 20 (Reuters) - Second-quarter net profit at PT Bank Danamon (BDMN.JK), Indonesia's sixth-largest lender, jumped 53 percent thanks to strong loan growth, and the bank said on Friday it sees loan growth exceeding 20 percent this year.

Danamon, which is controlled by a consortium including Singapore's state investor Temasek Holdings [TEM.UL] and Deutsche Bank (DBKGn.DE), made a second-quarter net profit of 729 billion rupiah ($81.36 million), up from 477 billion rupiah a year ago, based on published first quarter and first half numbers.

"The increase in profit was triggered by credit growth, especially in the mass market, and as we managed to stabilise our operating margins," said Vera Eve Lim, finance director.

She said the bank increased its loan growth target up to 21 percent, from 15 to 20 percent previously, and added that net interest margin increased to 11.6 percent from 10 percent.

First-half net profit jumped 65 percent to 1.43 trillion rupiah from 870.2 billion rupiah a year ago, while first-half net interest income rose 8.62 percent to 4.8 trillion rupiah, from 4.419 trillion rupiah.

Danamon's full-year net profit is forecast at 2.866 trillion rupiah, up 89 percent from 1.53 trillion rupiah in 2009, according to Thomson Reuters I/B/E/S.

Shares in Danamon ended down 0.9 percent at 5,350 rupiah, against a 0.4 percent increase in the Indonesia Composite Index .JKSE.

The stock has gained about 19 percent so far this year, underperforming the broader market, up 22.5 percent. LINK