Bank Bukopin Tbk (BBKP)’s net profit on the first term in 2016 amounted to 581 billion IDR because of the rising interest income and income from operations. Their good performance will encourage the target achievement by the end of this year.
BBKP’s interest income became 4.6 trillion IDR and other operational incomes became 667 billion IDR.
Eko R Gindo, the Director of Finance and Planning from BBKP, said that their positive performance on the first term in 2016 will encourage the achievement of their target loan growth of 12%- 14% to 73.9 trillion IDR- 75.24 trillion IDR by the end of this year. BBKP’s credit grew by 20.72% to 70.8 trillion IDR in June 2016.
On Monday (1/8), BBKP’s stock had strengthened by 1.6% to 625 IDR per share. Bahana Securities recommended hold on BBKP with a target price of 640 IDR. (*)
| Bank Bukopin Tbk Performance | |||
| In billion rupiah | |||
| Note | H1 2016 | H1 2015 | Changes |
| Credit | 70800 | 58700 | Up |
| DPK | 77400 | 70700 | Up |
| Interest income | 4600 | 4000 | Up |
| Non-interest income | 667 | 576 | Up |
| Net Profit | 581 | 509 | Up |
| NIM | 3,49 | 3,41 | Up |
| NPL gross | 3,51 | 2,88 | Up |
| NPL net | 2,78 | 2,16 | Up |
| CIR | 59,04 | 62,63 | Down |
Add Comment