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January 28, 2008 |
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BANK NEGARA: 2007 Unaudited Net Profit Up 20.2% to IDR2.32 Tril. PT Bank Negara Indonesia (Persero) Tbk's 2007 unaudited net profit rose 20.2% to IDR2.32 trillion from a year earlier, Thomson Financial reports. According to the report, the increase in the net profit was aided by higher fee-based income. The bank's fee-based income in 2007, increased 37% to IDR3.93 trillion, the report notes. BNI President Sigit Pramono told the news agency that the bank posted net interest income of IDR7.66 trillion last year from IDR7.38 trillion in 2006. Meanwhile, Thomson relates, the net NPL ratio, Mr. Pramono said declined to 3.7% from 6.55% previously. The capital adequacy ratio stood at 16%, little changed from 16.39 previously, the report adds. About Bank Negara Headquartered in Jakarta, Indonesia, PT Bank Negara Indonesia (Persero) Tbk -- http://www.bni.co.id/ -- is a financial institution with products and services that include: Individual, Business, Syariah, Micro Banking, and Online Feature. The Bank has approximately 700 correspondent banks, 914 local branches and five oversea branches located in New York, London, Tokyo, Hong Kong and Singapore. The bank has five subsidiaries: PT BNI Multi Finance, a financial services company; PT BNI Securities, securities company; PT BNI Life Insurance, an insurance provider; PT BNI Nomura Jafco Manajemen Ventura, a venture capital company, and PT BNJI Ventura Satu, a venture capital company. As reported in the Troubled Company Reporter-Asia Pacific Troubled Company Reporter-Asia Pacific on Dec. 7, 2007, Fitch Ratings has upgraded the National Long-term rating of PT Bank Negara Indonesia to 'AA-(idn)' (AA minus (idn)) from 'A+ (idn)). The Outlook is Stable. This rating action resolves the Positive Outlook that BNI's National rating was placed on in September 2007. At the same time, Fitch has affirmed BNI's other ratings, as follow: -- Long-term foreign and local currency Issuer Default Ratings at 'BB-' with a Positive Outlook, -- Short-term rating at 'B' -- Individual rating at 'D' -- Support rating at '4', and -- Support rating floor at 'B+' Oct. 19, 2007, Moody's Investors Service raised PT Bank Negara Indonesia (Persero) Tbk.'s foreign currency long-term debt rating to Ba2 from Ba3 and foreign currency long-term deposit rating to B1 from B2. On April 20, 2007, Standard & Poor's Ratings Services raised Bank Negara's long-term counterparty credit ratings to 'BB-' from 'B+'. |
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