2017, Bank Ganesha's Net Profit Up 30%

By : Wiyanto Dan Aldo Bella Putra | Wednesday, February 21 2018 - 21:00 IWST

Bank Ganesha
Bank Ganesha

INDUSTRY.co.id - Jakarta - PT Bank Ganesha Tbk recorded net profit of Rp. 51.1 billion by the end of 2017, up 30% year-on-year (yoy) from Rp. 39.2 billion in the same period of 2016. Net profit before tax reached Rp. 67.8 billion.

Surjawaty Tatang, President Director, said that the increase in net income is supported by strong and disciplined revenue capacity to reduce and streamline operating costs while continuing to invest in infrastructure development and banking capabilities.

"I am pleased to announce that 2017 is a remarkable year for Ganesha Bank, which is also aided by increased synergies with various strategic partners," he said in Jakarta on Wednesday (21/2/2018).

According to him, total operating income raised 38% yoy to Rp. 247.8 billion, driven by growth in both Net Interest Income and Cost-Based Income. Net Interest Income increased 32% yoy to Rp. 211.6 billion from Rp. 160.9 billion a year earlier supported by strong credit growth.

According to him, fee-based income also rose sharply by 91% yoy to Rp. 36.2 billion from Rp. 18.9 billion in the previous year was mainly driven by good performance in fee revenues, commissions and profits from the effects it had.

"Bank Ganesha closes in 2017 with a Capital Adequacy Ratio (CAR) of 30.1%, well above regulatory minimum requirements and still able to support business growth," he said.

News Comment

Today's Industry

Mechatronic Calotte Loader mWL.cs

Sabtu, 23 Januari 2021 - 17:50 WIB

Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs

A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Nivedita Murthy - Senior Security Consultant, at Synopsys Software Integrity Group

Jumat, 08 Januari 2021 - 17:35 WIB

DevSecOps: The good, the bad, and the ugly

DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.