Federal International Finance

FI Finance's net interest margin fell 9.64% yoy to 21.6% in 2Q2019

By Helgi Analytics - March 4, 2020

Federal International Finance's net interest margin amounted to 21.6% in the second quarter of 2019, up from 20.9% when compared...

FI Finance's net interest income rose 2.41% yoy to IDR 1,917 bil in 2Q2019

By Helgi Analytics - March 4, 2020

Federal International Finance generated total banking revenues of IDR 1,959 bil in the second quarter of 2019, up 5.32% when comp...

FI Finance's equity (as % of assets) rose 13.0% yoy to 18.1% in 2Q2019

By Helgi Analytics - March 4, 2020

Federal International Finance's Equity reached 18.1% of total assets in the 2Q2019, up from 16.0% for the previous year. As a sh...

Profit Statement 2016 2017 2018
Net Interest Income IDR bil 6,060 6,483 7,421
Fee Income (As % Of Revenues) % -1.40 -1.78 -1.91
Other Income IDR bil 226 202 224
Total Revenues IDR bil 6,200 6,568 7,502
Staff Cost IDR bil 1,286 1,341 1,431
Operating Profit IDR bil 3,626 4,108 4,725
Provisions IDR bil 797 1,233 1,406
Net Profit IDR bil 1,806 1,991 2,315
Balance Sheet 2016 2017 2018
Customer Loans IDR bil 28,001 29,272 32,090
Debt Securities IDR bil ... 0 ...
Total Assets IDR bil 29,411 30,753 33,796
Shareholders' Equity IDR bil 4,955 5,332 6,007
Interbank Borrowing IDR bil 347 8,438 7,391
Customer Deposits IDR bil 0 0 ...
Issued Debt Securities IDR bil 22,804 15,403 18,556
Ratios 2016 2017 2018
ROE % 33.8 38.7 40.8
ROA % 6.21 6.62 7.17
Costs (As % Of Assets) % 8.85 8.18 8.60
Costs (As % Of Income) % 41.5 37.5 37.0
Net Interest Margin % 20.8 21.6 23.0
Growth Rates 2016 2017 2018
Total Revenue Growth % 13.4 5.94 14.2
Operating Cost Growth % -2.32 -4.41 12.8
Operating Profit Growth % 28.0 13.3 15.0
Net Profit Growth % 19.8 10.2 16.3
Customer Loan Growth % 7.85 4.54 9.63
Total Asset Growth % 2.35 4.56 9.90
Shareholders' Equity Growth % -13.4 7.61 12.6
Employees 18,675 17,452 17,162

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summary Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Net Interest Income IDR bil         4,223 3,909 4,659 5,338 6,060    
Total Revenues IDR bil         4,625 4,275 4,772 5,467 6,200    
Operating Profit IDR bil         2,101 2,177 2,517 2,832 3,626    
Net Profit IDR bil         1,142 1,205 1,307 1,507 1,806    
balance sheet                      
Customer Loans IDR bil         17,415 18,894 23,267 25,962 28,001    
Debt Securities IDR bil ... ... ... ... ... ... ... ... ...   ...
Total Assets IDR bil         19,456 21,522 25,378 28,734 29,411    
Shareholders' Equity IDR bil         3,906 4,342 4,586 5,723 4,955    
Interbank Borrowing IDR bil ... ... ... ... ... 0 9,494 12,998 347    
Customer Deposits IDR bil ... ... ... ... ... 0 0 0 0   ...
Issued Debt Securities IDR bil         13,450 14,820 9,996 8,779 22,804    
ratios                      
ROE % ...       31.0 29.2 29.3 29.2 33.8    
ROA % ...       6.20 5.88 5.57 5.57 6.21    
Costs (As % Of Assets) % ...       13.7 10.2 9.62 9.74 8.85    
Costs (As % Of Income) %         54.6 49.1 47.3 48.2 41.5    
Net Interest Margin % ...       22.9 19.1 19.9 19.7 20.8    
Interest Income (As % Of Revenues) %         91.3 91.4 97.6 97.6 97.7    
Fee Income (As % Of Revenues) %         0 0 -0.770 -1.43 -1.40    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... 53.3 45.5 42.6 50.0    
Equity (As % Of Assets) %         20.1 20.2 18.1 19.9 16.8    
Loans (As % Assets) %         89.5 87.8 91.7 90.4 95.2    
valuation                      
Number Of Shares (Average) mil ... ... ... ... ... 280 280 280 280    
Earnings Per Share (EPS) IDR ... ... ... ... ... 4,304 4,668 5,381 6,449    
Book Value Per Share IDR ... ... ... ... ... 15,506 16,379 20,439 17,698    
Earnings Per Share Growth % ... ... ... ... ... ... 8.45 15.3 19.9    
Book Value Per Share Growth % ... ... ... ... ... ... 5.63 24.8 -13.4    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Interest Income IDR bil         4,865 5,193 6,063 7,197 8,045    
Interest Cost IDR bil         0 1,284 1,405 1,860 1,984    
Net Interest Income IDR bil         4,223 3,909 4,659 5,338 6,060    
Net Fee Income IDR bil         0 0 -36.8 -78.0 -86.5    
Other Income IDR bil         402 366 150 207 226    
Total Revenues IDR bil         4,625 4,275 4,772 5,467 6,200    
Staff Cost IDR bil ... ... ... ... ... 1,118 1,027 1,122 1,286    
Depreciation IDR bil ... ... ... ... ... ... ... ... 123    
Other Cost IDR bil ... ... ... ... ... ... ... ... 1,166    
Operating Cost IDR bil         2,524 2,098 2,255 2,635 2,574    
Operating Profit IDR bil         2,101 2,177 2,517 2,832 3,626    
Provisions IDR bil         588 565 619 587 797    
Extra and Other Cost IDR bil         0 0 158 201 218    
Pre-Tax Profit IDR bil         1,513 1,612 1,739 2,043 2,611    
Tax IDR bil         371 407 432 537 805    
Minorities IDR bil ... ... ... ... ... 0 0 0 0    
Net Profit IDR bil         1,142 1,205 1,307 1,507 1,806    
growth rates                      
Net Interest Income Growth % ...       -6.92 -7.44 19.2 14.6 13.5    
Net Fee Income Growth % ... ... ... ... ... ... ... 112 11.0    
Total Revenue Growth % ...       -7.04 -7.57 11.6 14.6 13.4    
Operating Cost Growth % ...       -14.4 -16.9 7.51 16.8 -2.32    
Operating Profit Growth % ...       3.74 3.60 15.6 12.5 28.0    
Pre-Tax Profit Growth % ...       6.97 6.51 7.88 17.5 27.8    
Net Profit Growth % ...       5.86 5.54 8.46 15.3 19.8    
market share                      
Market Share in Revenues %         1.45 1.21 1.20 1.25 1.23   ...
Market Share in Net Profit %         1.15 1.08 1.14 1.52 1.91   ...
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                      
Cash IDR bil         687 575 437 131 241    
Customer Loans IDR bil         17,415 18,894 23,267 25,962 28,001    
Retail Loans IDR bil ... ... ... ... ... ... ... ... 29,308    
Debt Securities IDR bil ... ... ... ... ... ... ... ... ...   ...
Fixed Assets IDR bil         230 247 284 285 310    
Intangible Assets IDR bil ... ... ... ... ... 0 0 0 0    
Goodwill IDR bil ... ... ... ... ... ... ... ... ...   ...
Total Assets IDR bil         19,456 21,522 25,378 28,734 29,411    
Shareholders' Equity IDR bil         3,906 4,342 4,586 5,723 4,955    
Of Which Minority Interest IDR bil ... ... ... ... ... 0 0 0 0    
Liabilities IDR bil         15,550 17,180 20,792 23,011 24,456    
Interbank Borrowing IDR bil ... ... ... ... ... 0 9,494 12,998 347    
Customer Deposits IDR bil ... ... ... ... ... 0 0 0 0   ...
Issued Debt Securities IDR bil         13,450 14,820 9,996 8,779 22,804    
Other Liabilities IDR bil ... ... ... ... ... 2,360 1,301 1,234 1,304   ...
asset quality                      
Gross Loans IDR bil         ... 18,894 24,758 27,499 29,308    
Total Provisions IDR bil ... ... ... ... ... 0 1,491 1,537 1,308    
growth rates                      
Customer Loan Growth % ...       9.28 8.49 23.1 11.6 7.85    
Retail Loan Growth % ... ... ... ... ... ... ... ... ...    
Total Asset Growth % ...       11.9 10.6 17.9 13.2 2.35    
Shareholders' Equity Growth % ...       12.5 11.1 5.63 24.8 -13.4    
market share                      
Market Share in Customer Loans %         0.617 0.551 0.614 0.635 0.643   ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... 1.33   ...
Market Share in Total Assets %         0.457 0.436 0.453 0.470 0.443   ...
Market Share in Customer Deposits % ... ... ... ... ... 0 0 0 0   ...
ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                      
ROE % ...       31.0 29.2 29.3 29.2 33.8    
ROA % ...       6.20 5.88 5.57 5.57 6.21    
Costs (As % Of Assets) % ...       13.7 10.2 9.62 9.74 8.85    
Costs (As % Of Income) %         54.6 49.1 47.3 48.2 41.5    
Net Interest Margin % ...       22.9 19.1 19.9 19.7 20.8    
Interest Spread % ...       26.4 17.5 18.5 18.1 19.3    
Asset Yield % ...       26.4 25.3 25.9 26.6 27.7    
Cost Of Liabilities % ...       0 7.84 7.40 8.49 8.36    
Interest Income (As % Of Revenues) %         91.3 91.4 97.6 97.6 97.7    
Fee Income (As % Of Revenues) %         0 0 -0.770 -1.43 -1.40    
Other Income (As % Of Revenues) %         8.69 8.56 3.14 3.79 3.65    
Cost Per Employee USD per month ... ... ... ... ... 580 443 426 421    
Cost Per Employee (Local Currency) IDR per month ... ... ... ... ... 6,039,580 5,434,000 5,570,600 5,738,390    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... 53.3 45.5 42.6 50.0    
Equity (As % Of Assets) %         20.1 20.2 18.1 19.9 16.8    
Loans (As % Assets) %         89.5 87.8 91.7 90.4 95.2    
Provisions (As % Of Loans) % ... ... ... ... ... 0 6.41 5.92 4.67    
Cost of Provisions (As % Of Loans) % ...       3.53 3.11 2.94 2.38 2.95    
other data Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                      
Employees         12,603 15,429 15,754 16,788 18,675    
Return on Loans % ...       6.85 6.64 6.20 6.12 6.69    
Operating Profit (As % of Loans) % ...       12.6 12.0 11.9 11.5 13.4    
Costs (As % Of Loans) % ...       15.1 11.6 10.7 10.7 9.54    
Equity (As % Of Loans) %         22.4 23.0 19.7 22.0 17.7    

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FI Finance's net interest income rose 14.5% yoy to IDR 7,421 bil in 2018

By Helgi Analytics - March 4, 2020

Federal International Finance generated total banking revenues of IDR 7,502 bil in 2018, up 14.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of IDR 7,502 bi...

FI Finance's net interest margin rose 6.70% yoy to 23.0% in 2018

By Helgi Analytics - March 4, 2020

Federal International Finance's net interest margin amounted to 23.0% in 2018, up from 21.6% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 40.4% in 2009 and an all time low of 19.1% in 2013. The ...

FI Finance's total revenues rose 5.94% yoy to IDR 6,568 bil in 2017

By Helgi Analytics - March 4, 2020

Federal International Finance generated total banking revenues of IDR 6,568 bil in 2017, up 5.94% compared to the previous year. Indonesian banking sector banking sector generated total revenues of IDR 516,680,067 mil in 2017, up 2.44% when compared t...

FI Finance's customer loans rose 4.54% yoy to IDR 29,272 bil in 2017

By Helgi Analytics - March 4, 2020

Federal International Finance's customer loans reached IDR 29,272 bil in 2017, up 4.54% compared to the previous year. Indonesian banking sector provided customer loans of IDR 4,736,963 bil in 2017, up 8.70% when compared to the last year. Federal Interna...

FI Finance's customer deposits remain unchanged yoy at IDR 0 bil in 2017

By Helgi Analytics - March 4, 2020

Federal International Finance's customer deposits reached IDR 0 bil in 2017, down 0% compared to the previous year. Indonesian banking sector accepted customer deposits of IDR 4,920,427 bil in 2017, up 8.86% when compared to the last year. Federal Interna...

FI Finance's total revenues rose 20.7% yoy to IDR 1,659 bil in 3Q2016

By Helgi Analytics - March 4, 2020

Federal International Finance generated total banking revenues of IDR 1,659 bil in 2016-09-30, up 10.4% compared to the previous year. Indonesian banking sector banking sector generated total revenues of IDR 119,255,024 mil in 2016-09-30, up 4.32% whe...

FI Finance's customer loans rose 7.67% yoy to IDR 27,037 bil in 3Q2016

By Helgi Analytics - March 4, 2020

Federal International Finance's customer loans reached IDR 27,037 bil in 2016-09-30, up 1.39% compared to the previous year. Indonesian banking sector provided customer loans of IDR 4,266,074 bil in 2016-09-30, up 1.34% when compared to the last year. Fed...

FI Finance's customer deposits remain unchanged yoy at IDR 0 bil in 4Q2015

By Helgi Analytics - March 4, 2020

Federal International Finance's customer deposits reached IDR 0 bil in 2015-12-31, down 0% compared to the previous year. Indonesian banking sector accepted customer deposits of IDR 4,073,547 bil in 2015-12-31, down 1.14% when compared to the last year. F...

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Finance

Federal International Finance has been growing its revenues and asset by 11.1% and 5.56% a year on average in the last 3 years. Its loans and deposits have grown by 7.32% and % a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 37.8% in the last three years with net profit growing 15.4% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.0% in 2018, compared to 38.7% average in the last three years.

Equity represented 17.8% of total assets or 18.7% of loans at the end of 2018. Federal International Finance's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.