Third Quarter 2017, Third Party Funds of Bank Mandiri Syariah Grow 13.30 Percent

INDUSTRY.co.id - Jakarta - Mandiri Syariah in the third quarter of 2017, recorded a rise in Third Party Fund (TPK) Rp74, 75 trillion, or grew 13.30% (yoy) compared to the position of the third quarter of 2016 amounting to Rp65, 98 trillion.

"We are grateful and grateful for the community's trust in Mandiri Syariah," said Director of Financing Risk and Recovery Mandiri Syariah Choirul Anwar.

With a good achievement, he is optimistic to book better performance until the end of 2017.

"The composition of DPK majority or 50.75% is low cost fund (low cost fund), '' said Choirul Anwar.

The total low-cost funds in September 2017 amounted to Rp37.94 trillion. In the same period last year, the composition of Mandiri Syariah's low-cost fund was 49.15% or Rp32.43 trillion.

The growth of funds per each product is as follows: savings grew by 11.84% (yoy) or increased Rp3.07 trillion to Rp28.99 trillion. Demand deposits grew by 37.47% (yoy) or increased Rp2.44 trillion to become Rp8.94 trillion. Deposits grew 9.74% annually or grew Rp3.27 trillion to Rp36.81 trillion.

Choirul further revealed the company relies on Savings products both Saviri Syariah Savings and Maur Savings (Hajj) for cheap fund products. This year, there were additional deposits of new DPKs of 530 thousand accounts, which amounted to 7.02 million accounts up to Q3 of 2017.

'' Our cost of funds is also relatively not too high because it is relatively equal to large banks, '' he said.

The increase in deposits prompted the increase in Mandiri Syariah's total assets as of September 2017 to grow 13.26% (yoy) to Rp84.09 trillion from Rp74.24 trillion per September 2016 position.