PETALING JAYA: PT Financial institution Maybank Indonesia Tbk’s (Maybank Indonesia) pre-taxprofit rose 2.1% to 1.48 trillion rupiah (RM430.88mil) for the primary 9 months of 2021 from 1.45 trillion rupiah (RM422.15mil) in the identical interval final yr.
In a press release, the group mentioned the rise was resulting from decrease provisions, declining value of funds and overhead prices.
Throughout the interval underneath assessment, Maybank Indonesia’s revenue after tax and minority curiosity declined 3.3% year-on-year (y-o-y) to 1.06 trillion rupiah (RM308.60mil). This was attributed to tax valuation adjustment ensuing from deferred tax bills.
“Web curiosity revenue decreased by 4.7% to five.35 trillion rupiah (RM1.55bil) within the first 9 months of 2021, impacted from decrease mortgage development and lowering pattern in mortgage yield, consistent with the discount in Financial institution Indonesia charges and ongoing restructuring of consumers’ loans impacted by the pandemic.
“Nevertheless, internet curiosity margin elevated by six foundation factors to 4.8% in September 2021, which was attributed by sustained discount in value of fund,” it mentioned.
Maybank Indonesia’s fee-based revenue declined 14.8% within the first 9 months of 2021, primarily resulting from declining international markets-related charges.
Nevertheless, its bancassurance charges grew by 43.2% y-o-y within the first 9 months of 2021.
