Bank UOB Indonesia Records Rp46,62T in Total Loans

Jakarta, 8 August 2013 – PT Bank UOB Indonesia (UOBI) recorded total loans of IDR46.62 trillion as at 30 June 2013, a 3.7% growth compared with 31 December 2012.

"UOBI’s positive loan growth in the second quarter of 2013 is the result of the bank's focused business plan and right execution," UOBI President Director, Armand B. Arief said.

As at 30 June 2013, UOBI booked IDR48.1 trillion of third party funds, an increase of 3.39% compared with 31 December 2012.

Loans-to-Deposit Ratio increased to 96.89% up from 92.68% in the same period last year, from the growth in loan disbursement.

UOBI’s Capital Adequacy Ratio was at 15.68%, well above Bank Indonesia 8% minimum requirement.

Net Profit Before Tax reached IDR 667 billion, while Net Interest Margin was at 4.44% compared with 5.67% as per 31 December 2012.

UOBI's Non-Performing Loans Ratio was at 2.38% (gross), below the minimum requirement 5%. UOBI's asset increased 6.33% to IDR63.13 trillion compared with 31 December 2012 position of IDR59.37 trillion.

Armand added that on 15 July 2013, UOBI successfully implemented its new a core banking system to enhance the bank's infrastructure and information technology. The upgrade is part of UOBI's commitment and strategy in delivering excellent customer service.