As of Q3 / 2017, Mandiri Syariah's Net Profit Reaches Rp261 Billion

By : Wiyanto Dan Aldo Bella Putra | Thursday, November 09 2017 - 22:09 IWST

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

INDUSTRY.co.id - Jakarta - Mandiri Syariah said net profit that can be collected amounted to Rp261 billion as of the third quarter of 2017, or growth of 6.04% (yoy) compared to the same period the previous year.

Director of Financing Risks and Recovery of Mandiri Syariah Management Choirul Anwar said, with this performance, Mandiri Syariah has contributed to the community around the branch office through the program of giving blessings in the form of renovation of places of worship, places of education and scholarships to poor students.

"Up to September, 300 branch offices have distributed Rp15 billion of the fund, which is 2.5 percent of the company's profit," he said in Jakarta on Thursday (9/11/2017).

In terms of financing, until the third quarter of 2017 Mandiri Syariah managed to disburse Rp58, 72 trillion, or grow 10.28% compared to Rp53, 24 trillion in September 2016. Growth
the financing was offset by improvements in financing quality as reflected in NPF Nett decline from 3.63% to 3.12%. FDR Mandiri Syariah 80% or in accordance with OJK provisions.

'' In 2017 in line with the national economic conditions, we focus on retail and corporate especially infrastructure with skim or akad shariah '' Choirul Anwar again.

Furthermore, 10.28% (yoy) is supported by retail banking (including pawning, consumer and small and micro enterprises), which grew 9.59% from Rp30.35 trillion to Rp33.26 trillion, and the wholesale segment (Corporate and Commercial) grew 11.20% (yoy) to Rp25.45 trillion from Rp22.89 trillion per September 2016 position.

The increase in financing resulted in a net profit margin growth of Rp544 billion or an 18.77% (yoy) growth to Rp3.44 trillion.

Furthermore, Choirul Anwar said that with the positive development, Mandiri Syariah operating profit increased Rp534 billion or grew 46.81% to Rp1.68 trillion.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…