JAKARTA. Publicly-listed Bank Permata on Wednesday reported a moderate increase in net profits in the first half of this year despite a significant rise in revenues. The private lender, owned by diversified conglomerate PT Astra International and Standard Chartered Bank, saw its net profits rise by 5 percent Rp 837 billion (US$62.2 million) from last year amid weak growth of credit. Bank Permata’s lending rose mildly by 2 percent to Rp 130 trillion, primarily driven by trade finance and lending products for small and medium enterprises as well as middle-market companies.
Bank Permata’s profits up slightly
JAKARTA. Publicly-listed Bank Permata on Wednesday reported a moderate increase in net profits in the first half of this year despite a significant rise in revenues. The private lender, owned by diversified conglomerate PT Astra International and Standard Chartered Bank, saw its net profits rise by 5 percent Rp 837 billion (US$62.2 million) from last year amid weak growth of credit. Bank Permata’s lending rose mildly by 2 percent to Rp 130 trillion, primarily driven by trade finance and lending products for small and medium enterprises as well as middle-market companies.