Bank Syariah Mandiri 2010 earnings at Rp 418.5B

PT Bank Syariah Mandiri booked Rp 418.5 billion in net profits last year, a 43.8 per cent increase from the Rp 290.9
billion it earned in 2009.

The bank also said it had gained more trust from customers since its third-party fund placement had increased by 49. 9 per cent from Rp 19.3 trillion in 2009 to Rp 29 trillion in December last year.

A significant increase was also seen in financing, which rose from Rp 16 trillion in 2009 to Rp 23.9 trillion in December last year.

The figure also helped the bank increase its assets to Rp 32.4 trillion, up 47.4 percent from Rp 22 trillion in 2009.

The full story is available at thejakartapost.com.