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Panin Bank

Panin Bank's net profit fell 7.00% yoy to IDR 932 bil in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank made a net profit of IDR 932 bil under revenues of IDR 2,753 bil in the fourth quarter of 2019, down 7% and 20.9% ...

Panin Bank's employees fell 2.69% yoy to 12,242 in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank employed 12,242 persons in 2019-12-31, down 0.342% when compared to the previous year. Historically, the bank's workf...

Panin Bank's customer deposits rose 3.62% yoy to IDR 133,835 bil in 3Q2016

By Helgi Library - March 3, 2020

Panin Bank's customer deposits reached IDR 133,835 bil in 2016-09-30, down 0.282% compared to the previous year. Indonesian ban...

Profit Statement 2017 2018 2019
Net Interest Income IDR bil 8,197 8,478 8,454
Net Fee Income IDR bil ... ... 1,241
Other Income IDR bil ... ... 642
Total Revenues IDR bil 10,143 11,346 10,337
Staff Cost IDR bil 2,043 2,117 2,110
Operating Profit IDR bil 5,407 6,297 5,471
Provisions IDR bil 2,521 1,877 970
Net Profit IDR bil 2,412 3,113 3,318
Balance Sheet 2017 2018 2019
Interbank Loans IDR bil 14,560 18,628 16,690
Customer Loans IDR bil 139,740 148,945 147,312
Total Assets IDR bil 213,542 207,204 211,287
Shareholders' Equity IDR bil 36,289 40,747 44,442
Interbank Borrowing IDR bil 14,982 16,387 12,837
Customer Deposits IDR bil 145,671 137,694 131,403
Issued Debt Securities IDR bil 10,599 6,236 16,863
Ratios 2017 2018 2019
ROE % 6.84 8.08 7.79
ROA % 1.17 1.48 1.59
Costs (As % Of Assets) % 2.30 2.40 2.33
Costs (As % Of Income) % 46.7 44.5 47.1
Capital Adequacy Ratio % 22.3 23.5 23.4
Net Interest Margin % 3.97 4.03 4.04
Loans (As % Of Deposits) % 95.9 108 112
NPLs (As % Of Loans) % 5.77 8.84 7.99
Provisions (As % Of NPLs) % 42.3 30.1 34.4
Valuation 2017 2018 2019
Price/Earnings (P/E) 11.4 8.86 9.69
Price/Book Value (P/BV) 0.757 0.677 0.724
Dividend Yield % 0 ... ...
Earnings Per Share (EPS) IDR 100 129 138
Book Value Per Share IDR 1,507 1,692 1,845
Dividend Per Share IDR 0 ... ...

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Net Interest Income IDR bil                                               5,878 5,846 6,729 7,910 8,197    
Total Revenues IDR bil                                               7,411 7,980 8,200 9,664 10,143    
Operating Profit IDR bil                                               3,939 4,458 4,207 5,140 5,407    
Net Profit IDR bil                                               2,260 2,367 1,407 2,405 2,412    
balance sheet                                                            
Interbank Loans IDR bil                                               12,156 7,576 11,916 18,051 14,560    
Customer Loans IDR bil                                               110,790 120,359 125,905 131,764 139,740    
Debt Securities IDR bil                                               22,136 24,744 19,283 21,572 32,376    
Total Assets IDR bil                                               164,056 172,639 183,121 199,175 213,542    
Shareholders' Equity IDR bil                                               19,958 23,057 30,806 34,201 36,289    
Interbank Borrowing IDR bil                                               11,984 11,821 11,808 7,720 14,982    
Customer Deposits IDR bil                                               120,257 126,105 128,316 142,654 145,671    
Issued Debt Securities IDR bil                                               8,079 7,230 8,045 9,330 10,599    
ratios                                                            
ROE % ...                                             12.0 11.0 5.22 7.40 6.84    
ROA % ...                                             1.44 1.41 0.791 1.26 1.17    
Costs (As % Of Assets) % ...                                             2.22 2.09 2.24 2.37 2.30    
Costs (As % Of Income) %                                               46.9 44.1 48.7 46.8 46.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                                 16.7 17.3 20.1 20.5 22.3    
Net Interest Margin % ...                                             3.76 3.47 3.78 4.14 3.97    
Interest Income (As % Of Revenues) %                                               79.3 73.3 82.1 81.9 80.8    
Fee Income (As % Of Revenues) %                                               7.19 -1.71 -0.797 6.78 ... ...  
Staff Cost (As % Of Total Cost) %                                               49.1 52.9 49.0 40.4 43.1    
Equity (As % Of Assets) %                                               12.2 13.4 16.8 17.2 17.0    
Loans (As % Of Deposits) %                                               92.1 95.4 98.1 92.4 95.9    
Loans (As % Assets) %                                               67.5 69.7 68.8 66.2 65.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                             4.90 4.78 5.42 5.58 5.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                             33.3 35.5 40.0 42.7 42.3    
valuation                                                            
Market Capitalisation (End Of Period) USD mil ...                                             1,306 2,258 1,426 1,334 2,021    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ...     ... ...                 ...   24,088 24,088 24,088 24,088 24,088    
Share Price (End Of Period) IDR ...                                             660 1,165 820 750 1,140    
Earnings Per Share (EPS) IDR ... ... ... ... ... ... ... ...         ...                 ...   93.8 98.3 58.4 99.9 100    
Book Value Per Share IDR ... ... ... ... ... ... ... ... ...     ... ...                 ...   829 957 1,279 1,420 1,507    
Dividend Per Share IDR ... ... ... ...                                       0 0 0 0 0 ... ...
Price/Earnings (P/E) ... ... ... ... ... ... ... ...         ...                 ...   7.03 11.9 14.0 7.51 11.4    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ...     ... ...                 ...   0.797 1.22 0.641 0.528 0.757    
Dividend Yield % ... ... ... ...                                       0 0 0 0 0 ... ...
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ...       ... ...               ... ... 7.24 4.73 -40.6 71.0 0.290    
Book Value Per Share Growth % ...                                             13.1 15.5 33.6 11.0 6.10    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Interest Income IDR bil                                               12,745 15,130 16,442 16,914 17,029    
Interest Cost IDR bil                                               6,867 9,285 9,714 9,004 8,832    
Net Interest Income IDR bil                                               5,878 5,846 6,729 7,910 8,197    
Net Fee Income IDR bil                                               533 -136 -65.4 655 ... ...  
Other Income IDR bil                                               1,000 2,271 1,536 1,099 ... ...  
Total Revenues IDR bil                                               7,411 7,980 8,200 9,664 10,143    
Staff Cost IDR bil                                               1,706 1,862 1,958 1,827 2,043    
Operating Cost IDR bil                                               3,472 3,522 3,993 4,524 4,736    
Operating Profit IDR bil                                               3,939 4,458 4,207 5,140 5,407    
Provisions IDR bil                                               539 461 1,175 1,846 2,521    
Extra and Other Cost IDR bil                                               148 320 574 -12.0 -77.3    
Pre-Tax Profit IDR bil                                               3,252 3,677 2,458 3,306 2,963    
Tax IDR bil                                               798 1,083 890 788 955    
Minorities IDR bil                                               195 227 161 113 -404    
Net Profit IDR bil                                               2,260 2,367 1,407 2,405 2,412    
Dividends IDR bil                                               0 0 0 0 0 ... ...
growth rates                                                            
Net Interest Income Growth % ...                                             8.47 -0.550 15.1 17.6 3.62    
Net Fee Income Growth % ...                                             -8.56 -126 -52.0 -1,102 ... ... ...
Total Revenue Growth % ...                                             -2.05 7.69 2.75 17.9 4.95    
Operating Cost Growth % ...                                             -0.647 1.43 13.4 13.3 4.69    
Operating Profit Growth % ...                                             -3.26 13.2 -5.64 22.2 5.18    
Pre-Tax Profit Growth % ...                                             6.89 13.1 -33.2 34.5 -10.4    
Net Profit Growth % ...                                             7.23 4.73 -40.6 71.0 0.298    
market share                                                            
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 2.10 2.01 1.87 1.92 1.96 ... ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 2.02 2.07 1.42 2.55 1.88 ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ... ... ...                       ... ... ... ... ... ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                            
Cash IDR bil                                               11,993 12,407 12,173 11,683 11,665    
Interbank Loans IDR bil                                               12,156 7,576 11,916 18,051 14,560    
Customer Loans IDR bil                                               110,790 120,359 125,905 131,764 139,740    
Retail Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             24,016 23,387 21,891 26,872 30,456    
Corporate Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             ... ... ... 78,381 77,173    
Debt Securities IDR bil                                               22,136 24,744 19,283 21,572 32,376    
Fixed Assets IDR bil                                               2,441 2,502 9,134 9,852 9,688    
Intangible Assets IDR bil ... ... ... ... ... ...                                   67.2 86.5 121 130 138    
Goodwill IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ...           9.92 9.92 9.92 9.92 0    
Total Assets IDR bil                                               164,056 172,639 183,121 199,175 213,542    
Shareholders' Equity IDR bil                                               19,958 23,057 30,806 34,201 36,289    
Of Which Minority Interest IDR bil                                               1,408 2,255 2,455 2,586 2,307    
Liabilities IDR bil                                               144,097 149,582 152,314 164,974 177,253    
Interbank Borrowing IDR bil                                               11,984 11,821 11,808 7,720 14,982    
Customer Deposits IDR bil                                               120,257 126,105 128,316 142,654 145,671    
Sight Deposits IDR bil                                               16,775 8,880 9,623 10,413 9,731    
Term Deposits IDR bil                                               103,482 117,225 118,694 132,241 135,940    
Issued Debt Securities IDR bil                                               8,079 7,230 8,045 9,330 10,599    
Subordinated Debt IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ...             4,430 4,435 4,442 4,495 4,482    
Other Liabilities IDR bil                                               3,778 4,426 4,145 5,270 6,002    
asset quality                                                            
Non-Performing Loans IDR bil ... ... ... ... ... ... ... ... ...                             5,514 5,854 6,975 7,531 8,271    
Gross Loans IDR bil                                               112,628 122,435 128,696 134,981 143,238    
Total Provisions IDR bil                                               1,838 2,076 2,791 3,217 3,498    
growth rates                                                            
Customer Loan Growth % ...                                             13.2 8.64 4.61 4.65 6.05    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           5.53 -2.62 -6.40 22.8 13.3    
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           ... ... ... ... -1.54    
Total Asset Growth % ...                                             10.3 5.23 6.07 8.77 7.21    
Shareholders' Equity Growth % ...                                             13.1 15.5 33.6 11.0 6.10    
Customer Deposit Growth % ...                                             17.1 4.86 1.75 11.2 2.11    
market share                                                            
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.23 3.18 3.08 3.02 2.95 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             ... ... ... 3.73 3.42 ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       2.57 1.41 1.23 1.22 1.30 ... ...
Market Share in Total Assets %                                               3.32 3.08 3.00 3.00 2.93 ... ...
Market Share in Customer Deposits %                                               3.52 3.33 3.15 3.16 2.96 ... ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                            
ROE % ...                                             12.0 11.0 5.22 7.40 6.84    
ROA % ...                                             1.44 1.41 0.791 1.26 1.17    
Costs (As % Of Assets) % ...                                             2.22 2.09 2.24 2.37 2.30    
Costs (As % Of Income) %                                               46.9 44.1 48.7 46.8 46.7    
Capital Adequacy Ratio % ... ... ... ... ... ... ...                                 16.7 17.3 20.1 20.5 22.3    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   17.0 13.9 17.5 18.5 19.2    
Net Interest Margin % ...                                             3.76 3.47 3.78 4.14 3.97    
Interest Spread % ...                                             3.16 2.66 2.81 3.17 3.09    
Asset Yield % ...                                             8.15 8.99 9.24 8.85 8.25    
Cost Of Liabilities % ...                                             4.99 6.32 6.44 5.68 5.16    
Payout Ratio %                                               0 0 0 0 0 ... ...
Interest Income (As % Of Revenues) %                                               79.3 73.3 82.1 81.9 80.8    
Fee Income (As % Of Revenues) %                                               7.19 -1.71 -0.797 6.78 ... ...  
Other Income (As % Of Revenues) %                                               13.5 28.5 18.7 11.4 ... ...  
Cost Per Employee USD per month ... ... ... ... ...                                     1,435 1,174 1,124 1,023 1,047    
Cost Per Employee (Local Currency) IDR per month ... ... ... ... ...                                     14,951,500 14,411,300 14,719,500 13,932,300 14,126,800    
Staff Cost (As % Of Total Cost) %                                               49.1 52.9 49.0 40.4 43.1    
Equity (As % Of Assets) %                                               12.2 13.4 16.8 17.2 17.0    
Loans (As % Of Deposits) %                                               92.1 95.4 98.1 92.4 95.9    
Loans (As % Assets) %                                               67.5 69.7 68.8 66.2 65.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...                             4.90 4.78 5.42 5.58 5.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...                             33.3 35.5 40.0 42.7 42.3    
Provisions (As % Of Loans) %                                               1.66 1.72 2.22 2.44 2.50    
Cost of Provisions (As % Of Loans) % ...                                             0.516 0.399 0.955 1.43 1.86    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                            
Branches ... ... ... ... ... ... ... ... ... ... ... ...                       57.0 61.0 61.0 ... 59.0    
Employees ... ... ... ... ...                                     9,507 10,766 11,083 10,930 12,051    
Sight (As % Of Customer Deposits) %                                               13.9 7.04 7.50 7.30 6.68    
Risk-Weighted Assets IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   132,392 142,881 156,316 165,356 151,010    
Return on Loans %                                               2.17 2.05 1.14 1.87 1.78    
Operating Profit (As % of Loans) % ...                                             3.78 3.86 3.42 3.99 3.98    
Costs (As % Of Loans) % ...                                             3.33 3.05 3.24 3.51 3.49    
Equity (As % Of Loans) %                                               18.0 19.2 24.5 26.0 26.0    

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Panin Bank's market capitalisation (end of period) rose 21.5% yoy to USD 2,322 mil in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank stock traded at IDR 1,335 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 2,322 mil. Over the last five years, the stock has appreciated by 14.6 implying an annual average growth of 2.76% In absolute terms...

Panin Bank's npls (as % of loans) fell 9.62% yoy to 7.99% in 4Q2019

By Helgi Library - March 4, 2020

Panin Bank's non-performing loans reached 7.99% of total loans at the end of 2019-12-31, down from 8.84% compared to the previous year. Historically, the NPL ratio hit an all time high of 16.4% in 2001-12-31 and an all time low of 1.95% in 2007-12-31. Provi...

Panin Bank's price/earnings (P/E) rose 25.4% yoy to 8.62 in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank stock traded at IDR 1,335 per share at the end fourth quarter of 2019 implying a market capitalization of USD 2,322 mil. Since the end of 4Q2014, the stock has appreciated by 14.6 % implying an annual average growth of 2.76 %. In absolute terms, the value o...

Panin Bank's net interest margin rose 4.02% yoy to 4.25% in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank's net interest margin amounted to 4.25% in the fourth quarter of 2019, up from 4.04% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 7.01% in 1Q2003 and an all time low of 2.13% ...

Panin Bank's net interest income rose 7.18% yoy to IDR 2,250 bil in 4Q2019

By Helgi Library - March 4, 2020

Panin Bank generated total banking revenues of IDR 2,753 bil in the fourth quarter of 2019, down 20.9% when compared to the same period of last year and up 6.36% when compared to the previous quarter. Historically, the bank’s revenues containing o...

Panin Bank's capital adequacy ratio fell 0.341% yoy to 23.4% in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank's capital adequacy ratio reached 23.4% at the end of fourth quarter of 2019, up from 23.3% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 35.9% in 1Q2005 and an all time low of 16.3% in 4Q2012. ...

Panin Bank's costs (as % of assets) fell 11.5% yoy to 2.39% in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank's cost to income ratio reached 45.9% in the fourth quarter of 2019, down from 47.5% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 121% of income in 4Q2005 and an all time low of 13.9% in 1Q2003. ...

Panin Bank's customer loan growth fell 117% yoy to -1.10% in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank's customer loan growth reached -1.10% in 2019-12-31, down from 6.59% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 66.8% in 2008-03-31 and an all time low of -21.6% in 2003-06-30. In the last d...

Panin Bank's equity (as % of assets) rose 6.96% yoy to 21.0% in 4Q2019

By Helgi Library - March 3, 2020

Panin Bank's Equity reached 21.0% of total assets in the 4Q2019, up from 19.7% for the previous year. As a share of net customer loans, the ratio amounted to 30.2% at the end of the fourth quarter of 2019. ...

Panin Bank's net profit rose 6.60% yoy to IDR 3,318 bil in 2019

By Helgi Library - March 3, 2020

Panin Bank made a net profit of IDR 3,318 bil under revenues of IDR 10,337 bil in 2019, up 6.60% and -8.89% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of IDR 3,318 bil in 2019 and an all time low of IDR 2....

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