UOB Indonesia Disbursed Rp45T of Credit in Q1 of 2013

Jakarta, 30 May 2013 – PT Bank UOB Indonesia (UOBI) announced today that up to the first quarter of 2013 which ended on 31 March 2013, the Bank succeeded in realizing credit disbursement of Rp44.76 trillion, growing 10.60% compared to Rp40.47 trillion in the first quarter of 2012.

"UOBI's credit growth has boosted several of the company's financial ratios during the first 3 months of 2013," said UOBI President Director, Armand B. Arief.

Return on Assets (ROA) ratio was recorded at 2.39%, while Return on Equity (ROE) was 14.91% and Net Interest Margin (NIM) was 4.56%.

The company's financial balance until March 2013 recorded a net profit after tax for the current year of Rp306.48 billion, mainly derived from interest income.

"On the balance sheet side, in the first quarter of this year, the Bank focused on liquidity management. Meanwhile, from the corporate side, the Bank is also completing final preparations for revamping the Core Banking system as part of improvement of infrastructure and information technology, "said Armand.

Armand added that after the renewal of the Core Banking system in July this year, the Bank will have a better platform to support the Bank's business strategies and initiatives to further enhance the loan disbursement plan in the second half of this year, while maintaining the quality of the loan portfolio with discipline in implementing the precautionary principle.

The gross non-performing loan (NPL) ratio was recorded at 1.71%, still far below Bank Indonesia's maximum requirement of 5%, while the UOBI's Loan to Deposit Ratio (LDR) was recorded at 91.48% as of 31 March 2012, reinforcing the Bank's intermediary role as a source of economic financing.

Meanwhile, the Bank also recorded an increase in the Bank's Third-Party Funds (DPK) of up to Rp7.743 trillion as of 31 March 2013. The bank has also succeeded in safeguarding bank capital and managing risk as reflected in the Capital Adequacy Ratio (CAR) of 17.40%, still far above Bank Indonesia's minimum requirement of 8%, mainly due to the support of strong capital which reached Rp8.84 trillion to 31 March 2013.