Thursday, May 27, 2010

Bank Mutiara targets IDR341 billion profits

PT Bank Mutiara Tbk aims to get IDR341 billion net profits this year or rose from IDR265 billion in 2009.
President Director of Bank Mutiara Maryono said the company booked the soaring net profit worth IDR265 billion in 2009 as from IDR7.28 trillion losses in 2008.
The profit of quarter I/2010 stood at IDR22 billion. "We take prudent action without booking reserves of the restructured credits," he said yesterday.
The company aims to get additional revenue worth IDR80 billion from the sales of taken over assets (AYDA).
The company also aims to tap IDR168 billion credit restructuring and DIR100 billion from debt payment. "In quarter I, we raked IDR40 billion from AYDA."
The corporate assets also increased by 34.5 percent reaching IDR7.53 trillion as from IDR5.6 trillion in 2008.
"In 2015, we target the asset of Bank Mutiara could reach IDR12 -14 trillion with IDR1.8 trillion profits."
Maryono said this year the company plans to book IDR2.2 trillion credit or rose from IDR1.7 trillion last year.
The CAR by end of 2009 is positively reaching the level of 10.02 percent as from minus 22.29 percent in 2008.
Director of Bank Mutiara Ahmad Fajar added the company targets the US$156 million returns from deposit placed at the LGT Bank (formerly known as Dresdner Bank (Switzerland) Ltd.
He said the deposit here becomes the guarantee of the corporate notes. "We are focusing on the asset of Bank Mutiara at Dresdner (now LGT Bank)."

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