PT Bank DKI picks PT Mandiri Sekurias to handle the issuances bonds worth IDR1 triliun. The company plans to issues the bond on semester II after the company hold the plan last year.
On March 2010, Bank DKI raise profit before tax as much as IDR149 billion or grew 53.61% compared with March 2009 which was only IDR97 billion.
Based on the Annual General Meeting of Shareholders for Fiscal Year 2009 on 26 April 2009, Bank DKI recorded a net profit IDR140 billion at the end of December 2009. From the profit, 43.43% (IDR61 billion) was remitted as dividend to Jakarta Administration that has 99.83% of shares and IDR100 million to PD Pasar Jaya that has 0.17% of share. While 53.02% of income was allocated to general and strategic reserve, while 2.95% was allocated for welfare fund.
In March 2010, profit from interest increased from the same period of 2009 because of the declining interest expense by 6.7% for third party, from IDR194 billion to IDR181 billion. Similarly, the net operating expense decreased by 81.97%.
The improved financial performance was caused by market-to-market adjustment and the correction of impairment loss, the write-off of non-productive asset.
The performance was also triggered by the increase of third party fund and lending. Third party fund in Bank DKI increased from IDR10.12 trillion in March 2009 to IDR12.10 trillion in March 2010, or grew 19.66%.
Similarly, credit grew by 8.69% or increased from IDR6.40 trillion in March 2009 to IDR6.95 trillion in March 2010.
Similarly, credit grew by 8.69% or increased from IDR6.40 trillion in March 2009 to IDR6.95 trillion in March 2010.
Bank DKI operates as a regional development bank. The company was founded in 1961 as PT BPD Jaya. It changed its name to Bank DKI PT in April 1992. Bank DKI PT is based in Jakarta, Indonesia.
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