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RETAIL BANKING | Cesar Tordesillas, Indonesia

OCBC NISP posts Rp407B net income

OCBC NISP posted a net income of Rp 407 billion in the first half.

This is 30 percent higher from the same period last year.

Over the January-to-June period, OCBC NISP net interest income reached Rp 1.2 trillion, or 13 percent higher than the same period in 2011, while non-interest income, which includes fee-based income, soared by 43 percent compared to the bank’s figure last year of Rp 409 billion.

OCBC NISP’s first half report also revealed that its total assets saw a 30 percent increase to Rp 68 trillion.

OCBC NISP disbursed Rp 47.7 trillion in loans over the first half of this year, 39 percent higher compared to the same period in 2011. About 40 percent of the loans were extended to SMEs, Parwati said.

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