Maybank's BII posts record earnings of RM434.86m in FY13

KUALA LUMPUR: Malayan Banking Bhd's commercial banking unit in Indonesia, PT Bank Internasional Indonesia Tbk (BII) reported net profit of 1.55 trillion rupiah (RM434.86mil) in the financial year ended Dec 31, 2013, up 28% from Rp1.2 trillion in FY12.

"This is the bank's highest achievement in PATAMI for full year. The bank's profit before tax significantly increased by 29% to Rp2.2 trillion from Rp1.7 trillion in the corresponding period," said Maybank on Wednesday.

Maybank said BII's improved performance was due to solid loan growth across the bank's businesses, strong deposit growth, and significant profitability improvement of the Bank's subsidiaries.

It also said BII's focus on cost management and improvement in productivity have also greatly contributed to the full year 2013 performance.

BII's loans increased by 26% in 2013 to Rp102.0 trillion from Rp80.9 trillion in 2012 despite the challenging market conditions throughout the year.

It pointed out loans from business banking grew the fastest, up 30% from Rp27.1 trillion to Rp35.3 trillion, as small and medium enterprises loans grew by 35%.

Loans from retail banking rose 27% from Rp28.3 trillion to Rp35.8 trillion. Global Banking loans increased 21% from Rp25.5 trillion to Rp 31.0 trillion.