Bank OCBC NISP’s Net Income Rose 10%
In the loan disbursement, Bank NISP booked a 16% increase from Rp 18.2 trillion to Rp 21.1 trillion compared to the same period last year. Based on the usage, loans were disbursed to working capital (44.8%), consumer loans (29.3%) and investment (25.3%). By business sector, loans were absorbed by manufacturing (24.1%), trading (23.5%), services (17.9%), consumer (29.3%) and others (5.2%). Meanwhile, third party funds reached Rp 22.2 trillion or up 11% from Rp 20.0 trillion
 

Bank NISP manages its prudential principles in loan disbursement, as the result the Non Performing Loan (NPL) (net) ratio remains in the low level. As of September 30, 2008 Bank NISP’s NPL (net) was 1.69%, far below the Central Bank requirements of 5%. Other financial ratios are the Capital Adequacy Ratio (CAR) 17.00%, Net Interest Margin (NIM) 5.46%, Return On Equity (ROE) 8.85%, and Return On Assets (ROA) 1.53%. In the mean time, LDR (Loan to Deposit Ratio) reached 94.87% and assets grew by 9% to Rp 29.7 trillion from Rp 27.3 trillion

President Director & CEO of Bank NISP Pramukti Surjaudaja in Jakarta, Friday, September 24, 2008 explained, ”We consider this situation as a challenge which has to be handled carefully. But thank to all stakeholders, particularly customers and our major shareholder OCBC Bank Singapore (74.73%), we manage financial performance increment and meet) our target. We keep monitoring the latest progress situation to make sure we will be able to take urgent anticipation precisely.”  

Furthermore, he added, ”Together with OCBC Bank, Bank NISP has been doing the changing process for anticipation of upcoming bigger challenges in the future. As we announced last week, we will change our brand name from PT Bank NISP Tbk into PT Bank OCBC NISP Tbk. Along with this change, we also re-structure the Board of Commissioners and Board of Directors. At the same time, internally, we do a comprehensive improvement in our performance through Quality Project (Q Project), human resource improvement by training, and others. ”

Bank OCBC NISP’s Profile
Bank OCBC NISP as of September 30, 2008 has a network of 363 offices and a network of 511 own ATM’s which are part of network of more than 20,000 ATMs (including ATM Bersama, BCA, OCBC Bank-Singapore and BankCard-Malaysia), as well as a total of 5,481 employees. In maintaining its business, which is focused on the SME and consumer sectors, Bank NISP has received wide-ranging support from OCBC Bank, its controlling shareholder (74.73%). Another shareholder which also actively supports is IFC-World Bank Group, since 1999 in the form of capital, long term loan, technical assistance, and others.

Recently, Bank NISP received Annual Report Award 2007 (2nd place) private listed financial, and 2 awards from InfoBank Magazine, respectively Golden Trophy Award 2008 for “Excellence Performance for 5 Consecutive Years (2003-2007) and Banking Service Excellence Award 2008.  Last year, Bank NISP also has achieved a distinguished accolade, which is Retail Bank of the Year - Indonesia one of the categories in Asian Banking & Finance Retail Banking Awards 2007, from  Asian Banking & Finance Magazine, Singapore

OCBC Bank Singapore’s Profile (Controlling Shareholder)

OCBC Bank is Singapore’s longest established bank with group assets of S$180.8 billion (as of June 30, 2008). Its full spectrum of specialist financial services solutions is delivered through a network of more than 460 branches and representative offices in 15 countries and territories, including Singapore, Malaysia, Indonesia, China, Hong Kong SAR, Brunei, Japan, Australia, UK and USA. Its insurance subsidiary, Great Eastern Holdings, is the largest insurance group in Singapore and Malaysia in terms of assets and market share, and its asset management subsidiary, Lion Capital Management, is one of the largest asset management companies in Southeast Asia.

OCBC Bank has of one of the highest credit ratings among the banks in Asia, with long-term ratings of Aa1 from Moody’s, AA- from Fitch, and A+ from Standard and Poor’s. It has also received many accolades, such as “Best Foreign Cash Management Bank” in Asiamoney’s Poll Among Small, Medium & Large Corporate in Malaysia 2008, and Ranked 1 in Top 5 Regional Banks Category: Asia Risk End User Survey 2008, and Best Cash Management Bank Country Awards from FinanceAsia Magazine 2008. Additional information may be found at www.ocbc.com



Fot further information please contact : 
pr@ocbcnisp.com