BNI Syariah Set to Chalk up to Rp110 Billion

Jakarta (Antara Bali) - PT Bank Negara Indonesia (BNI) Syariah said it is set to chalk up Rp100 billion in net profit this year despite the economic gloom.

The bank would not change its profit target set previously, Dinno Indiano, the chief executive of the subsidiary of the state lender Bank Negara Indonesia (BNI) said here on Wednesday evening.

By the end of July, the sharia bank already posted Rp65 billion in profit  or a 39 percent increase  from a year earlier, Dinno said at a Post Idul Fitri gathering.

He acknowledged the economic setback would have adverse effect on the bank , saying the bank would face liquidity problem with the rise in interest rate.

"However, we have good connection with the parent company , BNI,that liquidity difficulties could be easily overcome," he said.

He noted that in the second half of the year, the interest rate tends to increase and the bank has to watch out that it would not allow itself to be mired in big surplus of third party funds with less financing outlet.

BNI Syariah recorded assets valued at Rp13.4 trillion by July 2013  or a 49.73 percent increase from a year earlier. Its outstanding financing reached Rp9.98 trillion or an increase of 64.65 percent on-year  with third party funds at Rp10.65 trillion  or a 43.53 percent rise on-year
   
The third party funds were made up of giro fund  Rp1.4 trillion, savings at Rp4.4 trillion  and deposits at Rp4.8 trillion.

"The bank's outstanding financing for micro business sectors reached Rp600 billion,"  Dinno said. (*/DWA)