Profit of PT Bank Muamalat Indonesia Tbk at the end of 2009 fell 64.33% to Rp107 billion from Rp300 billion in 2008, following the expansion of low levels of financing that creates the burden due to excess funds.
Director Andi Muamalat Fathoeddin Buchari said profit in 2009 was down sharply because of the slowing financing activities, so that the amount of funds idle (unused) to be a burden.
"In addition from financing commitments agreed that there is not absorbed Rp1 trillion, so the ratio of financing to fund [financing to deposit ratio / FDR] continue to fall from 98% to 90%," he said after the signing of the sub-agent bank retail sukuk Muamalat with AAA securities, today.
Andi explained that the business slowdown can not be separated from the influence of macro-economic conditions that made the demand for new financing and the use of existing facilities to be small.
He said the performance at this year focused on expansion and quality improve, especially to optimize the entire network has been added in the past year as many as 39 offices.
"Actually, FDR's decline became quite profitable for us because according to the direction of Bank Indonesia that in this situation should be the focus of banking liquidity to maintain a balance so as not to too tight. "
Until December 2009 the Bank Muamalat has outstanding finance Rp11,45 trillion, or only up 9.25% from the previous year Rp10,48 trillion. While the position of third party funds in the number Rp13,4 trillion.
"We are also investing large enough last year to develop 39 new offices are only able to be maximized in this year." said Andi
Director Andi Muamalat Fathoeddin Buchari said profit in 2009 was down sharply because of the slowing financing activities, so that the amount of funds idle (unused) to be a burden.
"In addition from financing commitments agreed that there is not absorbed Rp1 trillion, so the ratio of financing to fund [financing to deposit ratio / FDR] continue to fall from 98% to 90%," he said after the signing of the sub-agent bank retail sukuk Muamalat with AAA securities, today.
Andi explained that the business slowdown can not be separated from the influence of macro-economic conditions that made the demand for new financing and the use of existing facilities to be small.
He said the performance at this year focused on expansion and quality improve, especially to optimize the entire network has been added in the past year as many as 39 offices.
"Actually, FDR's decline became quite profitable for us because according to the direction of Bank Indonesia that in this situation should be the focus of banking liquidity to maintain a balance so as not to too tight. "
Until December 2009 the Bank Muamalat has outstanding finance Rp11,45 trillion, or only up 9.25% from the previous year Rp10,48 trillion. While the position of third party funds in the number Rp13,4 trillion.
"We are also investing large enough last year to develop 39 new offices are only able to be maximized in this year." said Andi
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