PT Danamon Indonesia Tbk (Danamon)

PT Danamon Indonesia Tbk (Danamon) noted an increase in net income of 21 percent in the second quarter 2009. Director Sebastian Paredes Danamon in Jakarta, said Thursday that the net profit this means that this shows the company has reached the point back to the positive financial performance in the second quarter 2009.

The amount of profit Net Profit After Tax (NPAT) is a consolidation of Rp477 billion after previously only reached Rp393 billion in the first quarter so that the overall number of profit from the first six months amounted to Rp870 billion.

Director and Chief Financial Officer Vera Eve Lim Danamon add credit channeled through the segment of micro, small and medium enterprises (MSMEs) still holds the key in the run intermediasi economy.

He added at this time the ratio has only Danamon credit problems (Non Performing Loan (NPL)) of 3.5 percent at the end of the first semester. With the elimination of the NPL ratio of 107.5 percent.

Vera then added, at this time net interest income grew 13 percent to Rp2, 35 trillion from the previous Rp 2.07 trillion, or 9 percent growth to reach Rp4, 42 trliun from Rp4, 05 trillion in setahunan.

Previously, Danamon has also completed the purchase of additional 20 percent share in PT Adira Dinamika Multi Finance Tbk transaski the total value of Rp1, 61 trillion, including the premium of the option rights of Rp187 billion has been paid previously.

At the same time, takeovers Danamon also completed 90 percent of shares in PT Asuransi Adira Dinamika.