Bank Pembangunan Daerah Jawa Timur Continued Growth and improved Asset Quality

Date: 20 january 2015

Categories : IRU

In 4Q14 BJTM announced net profit growth of 50.3% y-y to IDR 215 bilion resulting in FY14 earnings growth of 16.2% y-y to IDR958 bilion. NIM rose from 7.2% in 3Q14 to 7.4% in 4Q14 and lower NPL from 3.3% in 3Q14 to 3.1% in 4Q14. In 2015 BJTM expected to grow on its loan at 18% y-y and maintain LDR at around 85%. Continuing to penetrate the market for high-yielding loans to civil servants and effort to lower NPL to 2.6%, Read More