Bank Maspion Owned By Alim Markus Conglomerate Recorded IDR 66.99 Billion Profits In 2020

Maspion Group founder Alim Markus. (Photo: By courtesy)

JAKARTA - PT Bank Maspion Indonesia Tbk posted performance growth in 2020. The net profit for the year of the company coded as BMAS shares was recorded at IDR 66.99 billion throughout 2020.

Quoted from the Maspion Bank financial report published on the Indonesia Stock Exchange (IDX) website, Monday 26 April, profits in that period grew 12.1 percent year on year. In 2019, the net profit of the company owned by Alim Markus conglomerate was recorded at IDR 59.75 billion.

Meanwhile, net interest income decreased by 4.2 percent yoy, from IDR 247.35 billion to 236.87 billion. Even so, Maspion Bank made a profit from the sale of financial assets amounting to IDR 27.84 billion, as well as an increase in commissions and other income respectively 1.3 percent yoy to IDR 6.35 billion and 7.3 percent yoy to IDR 38.31 billion.

As a result, operating profit grew 4 percent yoy, from IDR 83.27 billion to IDR 86.71 billion. Loans granted as of December 31, 2020, amounted to IDR 6.91 trillion, an increase from the position at the end of December 2019 amounting to IDR 5.47 trillion.

Third-party funds (DPK) grew 41.3 percent yoy, mainly from deposits and savings. Meanwhile, total assets increased from IDR 7.57 trillion as of December 31, 2019, to IDR 10.11 trillion as of December 31, 2020.

Currently, Bank Maspion is preparing a rights issue of 2.28 billion shares. Currently, BMAS shareholders include PT Alim Investindo with 62.01 percent ownership, PT Maspion with 12.46 percent, Kasikornbank Public Company 9.99 percent, and PT Guna Investindo 5.87 percent.

Alim Markus was listed as the controller with ownership of 1.22 percent. The rest is held by Alum Mulia Sastra, Alim Prakasa, Alim Puspita, and Gunardi with an ownership portion of less than 1 percent.