--Bank Danamon first-half net profit rose 36%
--Bank Danamon CEO expects 2012 lending to grow by up to 25%
--Bank Danamon CEO expects 2012 fee-based income to rise by up
to 26%
(Adds statements from bank CEO in fourth and sixth
paragraphs)
By Linda Silaen
JAKARTA--PT Bank Danamon's (BDMN.JK) first-half net profit rose
36% to IDR2.0 trillion from IDR1.47 trillion in the same period a
year earlier because of higher net interest income and fee-based
income, its chief executive said Wednesday.
Net interest income for the January-to-June period rose 20% to
IDR6.29 trillion from IDR5.24 trillion owing to higher lending
growth, Chief Executive Henry Ho told reporters.
As of June 30, the bank's total outstanding loans were IDR110.46
compared with IDR92.79 trillion in the same period a year
earlier.
Mr. Ho expects 2012 net interest income to rise by up to 25% "if
nothing serious happens in terms of financial problems in
Europe."
Fee-based income rose 23% to IDR2.17 trillion from IDR1.77
trillion over the period, he said. "For the full year of 2012 we
expect fee-based income to grow by up to 26%."
Bank Danamon is the nation's sixth-largest bank by assets.
Write to Linda Silaen at linda.silaen@dowjones.com
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