[Kabar-indonesia] BNI H1 Profit Declines 9% [+Mandiri-Holcim MOU, Buana, Mega]

[JoyoNews at aol.com]

5  bank reports: 

- JP: BNI first-half profit declines 9% 

- Bank Negara Indonesia 1H Net 
  IDR838.63B Vs IDR920.51B

- JP: Mandiri, Holcim sign MOU 
  on housing loans 

- Indonesia's Bank Buana reports 
  lower H1 net profit

- Indonesia's Bank Mega H1 net profit 
  101.94 bln rupiah vs 162.38 bln

The Jakarta Post
Tuesday, August 1, 2006

BNI first-half profit declines 9% 

The Jakarta Post, Jakarta

State-owned Bank Negara Indonesia (BNI), the country's second largest lender, 
suffered a 9 percent decrease in first-half net profit due in part to lower 
loan 
demand and higher operating costs.

BNI booked an after-tax net profit of Rp 839 billion (about US$91.3 million) 
for the first six months to June, down from Rp 921 billion during the same 
period last year. 

"With the still-high BI rate in the first half of the year, the real sector 
could not borrow significantly so as to stimulate the economy. That's why loan 
demand declined," president director Sigit Pramono said Monday during a 
company briefing. 

The profit decrease derived mostly from only a slight increase in net 
interest income accompanied by a significant increase in operating expenses, said BNI 
in a statement. 

BNI's net interest income rose only 1 percent to Rp 3.71 trillion from Rp 
3.672 trillion previously, while operating expenses increased by 24 percent to Rp 
2.82 trillion. 

BNI, which focuses mostly on lending to the corporate sector, said that total 
lending in the year's first semester fell 1.5 percent to Rp 60.54 trillion 
from Rp 61.47 billion last year. 

The bank's net non-performing loan (NPL) ratio increased to 11.23 percent, 
far higher than the maximum of 5 percent allowed by Bank Indonesia, from 7.82 
percent previously. 

The gross NPLs of Rp 10 trillion, or 16.58 percent, were dominated by loans 
to the corporate sector at 51 percent, followed by medium-scale enterprises at 
28 percent, the micro sector at 14 percent, the consumer-finance sector at 8 
percent, and the sharia sector at 1 percent. 

BNI disclosed that the list of its top 10 defaulters was dominated by the 
electricity sector, which accounted for loans worth Rp 3.5 trillion. 

In its efforts to lessen its NPL exposure, the bank was still struggling 
through its R3 remedial program: Loan rescheduling, loan reconditioning and loan 
restructuring. 

BNI president director Sigit Purnomo said that in order to encourage 
defaulters to settle their debts, the bank would offer discounts if they repaid their 
debts in full and as rescheduled. 

Sigit explained that those with debts of under Rp 5 billion would be given 
debt discounts if they paid in full within three months, and that the percentage 
of such discounts would decrease with every delay of three months. 

According to the bank's report, third-party funds in the form of time 
deposits increased from Rp 36.8 trillion as of June 2005 to Rp 48.7 trillion as of 
June 2006, while those in the form of savings dropped from Rp 36.6 trillion to 
Rp 34.65 trillion. 

The bank's total assets, as of June 2006, stood at Rp 146.8 trillion, up 5.73 
percent from June 2005. 

------------------------------------

Bank Negara Indonesia 1H Net IDR838.63B Vs IDR920.51B

PT Bank Negara Indonesia - Jakarta
First half ended June 30
Figures in rupiah (IDR)

                       2006             200X

Net Pft             IDR838.63 Bln     IDR920.51 Bln
Net Interest Income    3.66   Tln        3.65   Tln
Earnings/Share         63                69


The figures are unaudited and based on Indonesian accounting
standards. [ 31-07-06 0041GMT ]

JAKARTA, July 31 (Dow Jones)--PT Bank Negara Indonesia (BBNI.JK)
Monday said its first-half net profit fell 8.9% on year due mainly to
an increase in interest and operating expenses.

Net profit at the nation's third largest bank by assets for the
January to June period dropped to IDR838.63 billion from IDR920.51
billion a year earlier.

Its total interest income rose 16% to IDR7.44 trillion from IDR6.39
trillion at end-June 2005.

The increase in the total interest income, however, was offset by a
38% rise in interest expenses to IDR3.78 trillion from IDR2.73
trillion as the result of higher interest rates.

At end-June 2006, Bank Indonesia's benchmark interest rate was at
12.50%, compared with around 7% a year earlier.

This resulted in the bank's net interest income at end-June 2006
coming in flat at IDR3.66 trillion, compared with IDR3.65 trillion a
year earlier.

The bank said its operating expenses rose 24% to IDR2.82 trillion from
IDR2.28 trillion a year earlier due to an increase in, among others,
salary and general administrative costs.

By the end of June 2006, its assets were IDR146.80 trillion, compared
with IDR138.84 trillion a year earlier.

The government owns 99.12% of Bank Negara.

------------------------------------

The Jakarta Post
Tuesday, August 1, 2006

Mandiri, Holcim sign MOU on housing loans 

The Jakarta Post, Jakarta

photo: Housing Loans: Executives of Bank Mandiri and PT Holcim Indonesia have 
talks after signing MOU on housing loans. JP/R. Berto Wedhatama 

Bank Mandiri signed a memorandum of understanding Monday with PT Holcim 
Indonesia, a cement producer formerly known as Semen Cibinong, on the extending of 
loans to Holcim's partner distributors to encourage them to build low-cost 
houses.

The MoU was signed by Bank Mandiri president director Agus Martowardjojo and 
Holcim president director Timothy D. Mackay in Jakarta. 

Agus said that Mandiri would provide loans of between Rp 100 million 
(US$10,869) and Rp 300 million to Holcim partner distributors, which are also involved 
in the manufacturing of concrete products for the house-building trade. 

Currently, Holcim, which has 5,500 partner distributors, is targeting the 
sale of enough cement in 2006 to construct 700,000 houses in Central Java. 

"We will extend loans of up to 60 percent to the partners and Holcim will 
supply the cement," said Agus. 

During the first stage, he said, loans would be given to five 
concrete-product manufacturers in Cilacap and Solo, both in Central Java, and Yogyakarta, 
based on recommendations from Holcim. 

Besides cement distributors, he said, the bank would also facilitate access 
to loans for people wishing the purchase houses built under the scheme. 

---------------------------------------

Indonesia's Bank Buana reports lower H1 net profit

JAKARTA, July 31 (Asia Pulse/Antara) - Publicly listed Bank Buana
Indonesia (JSX:BBIA) reported Rp199.17 billion (US$22.1 million) in
net profit in the first half of this year, down 7.42 per cent from the
same period last year.

The bank president, Jimmy Kurniawan Laihad, said an increase in
operating cost caused the decline in net profit, despite an increase
in net interest income.

The bank, which is 61.1 per cent owned by United Overseas Bank of
Singapore, posted Rp557.89 billion in net interest income in the first
six months of this year or up 19.86 per cent from the same period last
year, Jimmy said.

Its assets also rose 13.48 per cent to Rp17.43 trillion and its non
performing loans grew to 3.53 per cent from 2 per cent.

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Indonesia's Bank Mega H1 net profit 101.94 bln rupiah vs 162.38 bln

JAKARTA, July 31 (XFN-ASIA) - PT Bank Mega's six months to June results:

Interest income - 1.46 trln rupiah vs 961.14 bln
Net interest income - 317.59 bln rupiah vs 437.76 bln
Opg profit - 98.87 bln rupiah vs 239.72 bln
Net profit - 101.94 bln rupiah vs 162.38 bln
EPS - 48 rupiah vs 114

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Joyo Indonesia News Service
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