UOBI aims to achieve a pre-tax profit of 30% by 2015.
Savings deposits will be funding UOBI’s asset expansion as it accounts for 26% share of total deposits, according to DMG.
Here's more from DMG:
We visited management of UOB Indonesia in Jakarta, and came out optimistic on its
Indonesia operations to grow faster than Singapore. UOBI aims to contribute pre-tax profit
UOBI to leverage on UOB expertise and name. Whilst Indonesia loans currently account for a
Focusing on savings deposits to fund asset expansion. Strong 2010 loan expansion has led
With savings deposits accounting for 26% share of total deposits, UOBI plans to aggressively expand its
Loan growth to offset effects of NIM squeeze. UOBI’s 4Q10 NIM of 6.05% is narrower than
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