Danamon reports US$12 billion loans in H1

Non-performing loans ratio at 2.4%.

PT Bank Danamon Indonesia, Tbk said loans in the first half grew 12% compared to US$10.8 billion IDR year-on-year.

Non-automotive loans grew by 18%, while auto loans through Adira Finance rose 3% year-on-year. Non-automotive loans consist of loans to the micro, small and medium enterprises segments and loans to the commercial and corporate segments, among others. Adira Finance accounted for 37% of Danamon's total loans.

Danamon's consolidated net profit after tax reached US$195 million in the first semester of 2013, as net interest income rose 6% to US$657 million in the first half of 2013 year-on-year while fee income grew 9% to US$235 million.

Danamon's loans to micro enterprises through DSP increased 10% growth to US$1.9 billion in the first semester compared to the same period a year ago. Loans to the commercial segment increased by 25% in the first half to US$1.1 billion year-on-year.

On the other hand, loans from the corporate banking segment saw a growth of 21% to US$1.3 billion. Syariah loans recorded a 38% year-on-year growth to US$137 million.

Danamon's Return of Average Asset stood at 2.6%, while Return on Average Equity stood at 14.3%.