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

By : Wiyanto Dan Aldo Bella Putra | Thursday, November 09 2017 - 21:15 IWST

Bank Mandiri Syariah (Foto Ist)
Bank Mandiri Syariah (Foto Ist)

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 Mabrur 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.

News Comment

Today's Industry

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…