Throughout 2014, the National Pension Savings Bank Tbk (Bank) scored a net profit for the year amounted to 1.8 trillion. This figure is down 13% from the previous year which gained 2.1 trillion.
The bottom line performance decline due to net interest income earned the company decreased to 6.5 trillion from Rp 7 trillion, while operating income in addition to Hunga increased slightly from Rp400 billion to Rp734 billion. Operating expenses in addition to the Bank's net interest decreased from Rp4,17 trillion to Rp4,11 trillion. It is triggered by the increase in interest since the second half of 2013 and then hoist the deposit. It certainly affects the cost of funds.
While at the end of 2014, the loan portfolio grew 13% (year-on-year / yoy) from Rp 46.1 trillion at December 31, 2013 to Rp 52 trillion at December 31, 2014. The Bank's loan growth was slightly higher than the growth of industrial credit which is in the range of 12%. The ratio of non-performing loans and non-performing loans at the level of 0.67% gross and net at 0.38%. The company's assets in 2014 increased from Rp69 trillion to Rp71,8 trillion.
While as of December 31, 2014, Third Party Fund (TPF), the Bank reached USD 53.3 billion, up 2% from the same period last year to Rp 52.2 trillion. Meanwhile, funding sourced from bilateral loans and bonds amounting to Rp 8.2 trillion, an increase of 29% from the previous year amounting to Rp 6.36 trillion. Thus, in 2014 the Bank's total funding grew 5% (yoy). Diversification of funding sources is one of the steps taken by the Bank to offset the cost of funds (cosf of funds).
Loan-to-Deposit Ratio of the Bank increased to 97.7 percent at the end of 2014, compared with 88.3 percent at the end of the previous year, while the allowance for losses on loans that can not be billed to increase to Rp 742.1 billion in 2014, from Rp 574.3 billion in 2013. Net interest income in 2014 amounted to Rp 6.57 trillion, compared to the previous year which amounted to Rp 7.05 trillion. Interest income increased by 12.3 percent, while interest expense rose 13 percent.
Judging by the news of the stock exchange floor trading on Tuesday (03.03.15) the Bank's shares closed up 1 percent at 4.160 from the previous closing and moving in the range of 4.150 to 4.200 with the Bank's trading volume reached 68 thousand lots of shares.
Analyst Vibiz Research Center, see the technical indicators, the Bank's share price since the beginning of February was seen trying to get the rebound, but the current momentum of movement in technical correction and potentially consolidation, observed indicators MA has moved down and patterns Black Marubozu penetrate Middle Bolinger Band. In addition, the Stochastic indicator began to move into the overbought area after previously being in the middle area.
While the Average Directional Index indicators observed moving up supported by + DI are also moving down that shows the movement of the Bank in the pressure potential is limited. With the condition of technical and fundamental supported, predicted the Bank rate will still be in the consolidation trend and wait for the fundamental sentiment that moves the Bank. Rekomendasai Trading on the target level of support at the level of Rp4,000 to target resistance at the level of Rp4400.
The bottom line performance decline due to net interest income earned the company decreased to 6.5 trillion from Rp 7 trillion, while operating income in addition to Hunga increased slightly from Rp400 billion to Rp734 billion. Operating expenses in addition to the Bank's net interest decreased from Rp4,17 trillion to Rp4,11 trillion. It is triggered by the increase in interest since the second half of 2013 and then hoist the deposit. It certainly affects the cost of funds.
While at the end of 2014, the loan portfolio grew 13% (year-on-year / yoy) from Rp 46.1 trillion at December 31, 2013 to Rp 52 trillion at December 31, 2014. The Bank's loan growth was slightly higher than the growth of industrial credit which is in the range of 12%. The ratio of non-performing loans and non-performing loans at the level of 0.67% gross and net at 0.38%. The company's assets in 2014 increased from Rp69 trillion to Rp71,8 trillion.
While as of December 31, 2014, Third Party Fund (TPF), the Bank reached USD 53.3 billion, up 2% from the same period last year to Rp 52.2 trillion. Meanwhile, funding sourced from bilateral loans and bonds amounting to Rp 8.2 trillion, an increase of 29% from the previous year amounting to Rp 6.36 trillion. Thus, in 2014 the Bank's total funding grew 5% (yoy). Diversification of funding sources is one of the steps taken by the Bank to offset the cost of funds (cosf of funds).
Loan-to-Deposit Ratio of the Bank increased to 97.7 percent at the end of 2014, compared with 88.3 percent at the end of the previous year, while the allowance for losses on loans that can not be billed to increase to Rp 742.1 billion in 2014, from Rp 574.3 billion in 2013. Net interest income in 2014 amounted to Rp 6.57 trillion, compared to the previous year which amounted to Rp 7.05 trillion. Interest income increased by 12.3 percent, while interest expense rose 13 percent.
Judging by the news of the stock exchange floor trading on Tuesday (03.03.15) the Bank's shares closed up 1 percent at 4.160 from the previous closing and moving in the range of 4.150 to 4.200 with the Bank's trading volume reached 68 thousand lots of shares.
Analyst Vibiz Research Center, see the technical indicators, the Bank's share price since the beginning of February was seen trying to get the rebound, but the current momentum of movement in technical correction and potentially consolidation, observed indicators MA has moved down and patterns Black Marubozu penetrate Middle Bolinger Band. In addition, the Stochastic indicator began to move into the overbought area after previously being in the middle area.
While the Average Directional Index indicators observed moving up supported by + DI are also moving down that shows the movement of the Bank in the pressure potential is limited. With the condition of technical and fundamental supported, predicted the Bank rate will still be in the consolidation trend and wait for the fundamental sentiment that moves the Bank. Rekomendasai Trading on the target level of support at the level of Rp4,000 to target resistance at the level of Rp4400.
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