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    DPK and Net Profit of OCBC NISP Bank Increased 19%

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    BANDUNG-OCBC NISP Bank has successfully recorded a growth of their third party funds (DPK) and net profit that each of them increased 19% (YoY) or become IDR 103.6 trillion and IDR 1.8 trillion respectively. It was announced at General Meeting (RUST) of OCBC NISP Bank Shareholders.

    The bank that grew out in West Java is now a national bank that shows a growth of positive performance. In a press release, the performance of OCBC NISP Bank showed positive results with an increase in total assets by 15% (YoY) becoming IDR 138.2 trillion.

    This achievement puts OCBC NISP Bank as the 8th largest private banks based on total assets. This success is also driven by asset quality that is maintained stable by Nonperforming Loan (NPL) ratio which is 0.8% net.

    To further strengthen its capital position, RUPST also decided that the profits in 2016 would be re-invested for business developments.

    "Their solid, positive and fundamental performance throughout 2016 showed a sustainable growth of OCBC NISP Bank business in challenging national and global economic conditions," said Parvati Surjaudaja, President Director of OCBC NISP Bank, on Tuesday (18/4).

    Parvati added that their discipline in the implementation of portfolio diversification in accordance with the "Target Market Risk Acceptance Criteria" and the implementation of "Prudential Banking Principle" in all lines provide a positive contribution to the achievement of growth targets of OCBC NISP bank.

    "In 2017, we are optimistic that by strengthening our business model and optimizing synergies with OCBC Group, it will provide a boost to OCBC NISP Bank to maintain sustainable growth acceleration," added Parvati. jo

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