Indonesia' Maybank will Issue Bonds of US$ 71.42 M
PT Maybank Indonesia Tbk
JAKARTA (TheInsiderStories) – Local lender, PT Bank Maybank Indonesia Tbk (IDX:BNII) plans to issue bonds  around Rp1 trillion or US$71.42 million in second half of this year. In October last year, the bank has issued bonds with same amount.
Maybank’ president director Taswin Zakaria told reporters on Tuesday (02/19), the issuance of these bonds was very dependent on credit growth. While, finance director Thilagavathy Nadason stated this year, the unit of Malaysian Maybank Bhd eyes the loan growth rise 9 percent from a year ago sprout six percent.
In 2018, Maybank reported the loan growth 6.3 percent of Rp133.3 trillion (US$9.52 billion) and asset Rp177 trillion. Its generated interest income grew 5.2 percent to Rp 8.1 trillion.
But unlike interest income, BNII’ non interest income jumped by 17 percent to Rp 2.26 trillion. The medium lender recorded profit Rp2.2 trillion in 2018, increase by 21.6 percent from 2017 of Rp1.8 trillion.
This year, 65 percent of Maybank investment will allocated for digital business. The lender prepared investment Rp220 billion in 2019.
Based on official data, the lender now has 390 branches including Sharia branches and micro functional offices spread across Indonesia as well as one overseas branch (Mumbai, India) and 1,595 ATMs, including more Cash Deposit Machines connected with more from 20,000 ATMs and connected with 3,500 Maybank ATMs in Singapore and Malaysia.
Written by Staff Editor, Email: theinsiderstories@gmail.com