Increase in Net profit by 15-25 per cent
Bank Mandiri (State controlled, largest bank in terms of assets of around USD 60 bn, currently trading at price to book of 2.6x) - profit increased by 15 per cent y-o-y to 12.8 trillion rupiah ($1.2 billion)
BCA (Privately owned, largest bank in terms of market cap of around USD 24 bn, total assets of around USD 45 bn, trading at a price to book of 4.5x) - net profit increased by 25 per cent y-o-y to Rp 10.4 trillion ($1 billion).
PT Bank Permata (privately owned by Indonesian conglomerate Astra International (44.5%) and Standard Chartered Bank (44.5%), with total assets of around USD 13 billion, trading at a price to book of 1.14x) - third-quarter net profit rose 21 percent to 1.32 trillion rupiah ($118 million).
(Reuters)
Slowdown expectations
The central bank is already indicating that it expects loan growth to slow down, at rate of 14 to 15 percent
Bank Mandiri: also expected a credit growth slowdown next year to between 15 and 20 percent. It also expects net interest margin to decline to 6.8 percent by the end of this year from 7.0 percent in the second quarter.
Bank Mandiri (State controlled, largest bank in terms of assets of around USD 60 bn, currently trading at price to book of 2.6x) - profit increased by 15 per cent y-o-y to 12.8 trillion rupiah ($1.2 billion)
BCA (Privately owned, largest bank in terms of market cap of around USD 24 bn, total assets of around USD 45 bn, trading at a price to book of 4.5x) - net profit increased by 25 per cent y-o-y to Rp 10.4 trillion ($1 billion).
PT Bank Permata (privately owned by Indonesian conglomerate Astra International (44.5%) and Standard Chartered Bank (44.5%), with total assets of around USD 13 billion, trading at a price to book of 1.14x) - third-quarter net profit rose 21 percent to 1.32 trillion rupiah ($118 million).
(Reuters)
Slowdown expectations
The central bank is already indicating that it expects loan growth to slow down, at rate of 14 to 15 percent
Bank Mandiri: also expected a credit growth slowdown next year to between 15 and 20 percent. It also expects net interest margin to decline to 6.8 percent by the end of this year from 7.0 percent in the second quarter.
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