About Muamalat
About Muamalat

2018 Second Quarter Performance Bank Muamalat Positively accompanied by a profit that increased threefold

Jakarta, August 15, 2018 - PT Bank Muamalat Indonesia Tbk ("Bank Muamalat") recorded an increase in net profit (profit after tax) of 246.26% year on year (yoy). In the financial statements of the quarter II-2018 the company's net profit as of June 2018 was recorded at Rp103.74 billion from the previous value of Rp29.96 billion in June 2017.

For your information, this achievement is the highest record of net profit achieved by Bank Muamalat in the last 3 years.

Meanwhile, the company's operating profit rose by 152.02% (yoy) from Rp61.83 billion in June 2017 to Rp155.83 billion in June 2018. This increase was sustained, one of which was by channeling murabahah funds worth Rp838.57 billion or growing 33.42% (yoy). Commission-based income or fee based income (FBI), especially from the sale of securities, also contributed significantly to the increase in bank operating profit.

This positive growth makes the company's profit-to-asset ratio (ROA) increase from 0.15% in June 2017 to 0.49% in June 2018 or an increase of 0.34%.

Bank Muamalat President Director Achmad K. Permana said, with this positive performance he was optimistic that Bank Muamalat would continue to grow and improve its performance even better.

"Alhamdulillah, in the second quarter of this year, the performance of Bank Muamalat received a positive achievement. We will continue to work so that this achievement can be maintained and improved so that Bank Muamalat's business expansion can grow further, "he said.

The company's Non Performing Financing (NPF) position improved at 1.65% (gross) and 0.88% (net). This position is far better than the same period the previous year which was at 4.95% (gross) and 3.74% (net) after the company took a number of strategic steps.

The company's Capital Adequacy Ratio (CAR) was recorded at 15.92% or increased by 2.98% (yoy) compared to the same period the previous year which was 12.94%.

Another important ratio that shows positive performance is the Net Operating Margin (NOM) of 0.66%; Net Rewards (NI) of 2.67% and Return on Equity (ROE) of 5.00%. The positive performance ratio also keeps the company's liquidity well maintained. Reflected from Bank Muamalat's Financing to Deposit Ratio (FDR) position as of June 2018 was recorded at 84.37%. This figure improved from the same period the previous year which was 89.00%.

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