REPUBLIKA.CO.ID, JAKARTA - PT Bank Danamon Indonesia announces its 2013 full year financial results, showing an improved regulatory Loan to Deposit Ratio (LDR) to 95.1 percent, where total loans grew by 16 percent to IDR 135 trillion, while consolidated net profit after tax (NPAT) was at 4.04 trillion IDR.

Danamon’s total funding, which is composed of current accounts and savings accounts (CASA), time deposit, and long term funding, increased by 21 percent to 140 trillion IDR. Danamon’s time deposit rose 19 percent to 57.6 trillion IDR.

“In 2013, the global economy remained volatile, while inflationary pressures and subsequent interest rate hike in the second half of the year created a challenging operating environment. Through prudent management and customer-centric product offerings, from micro, small medium enterprises (SME), and corporate banking to Sharia, automotive, and consumer goods financing, in 2013 Danamon continued to grow and has also set itself to optimize on growth opportunities in 2014,” said Henry Ho, Danamon’s President Director.

Danamon’s total loans amounting 135 trillion IDR increasing 16 percent compared to last year, was driven by a 12 percent growth in the micro, small and medium enterprises (MSME) segments, which accounted to 30 percent of Danamon’s total loans. Danamon’s loans to micro enterprises through Danamon Simpan Pinjam (DSP) booked a 6 percent growth to 19.9 trillion IDR in 2013 compared to the same period a year ago, while loans to SME, grew by 18 percent to 21 trillion IDR. Loans to the commercial segment, increased by 31 percent in 2013 compared to 2012 to 16.6 trillion IDR, while loans to the corporate banking segment booked a 49 percent growth to 18.8 trillion IDR.