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Sovereign Wealth Funds Briefing - Categorized | Performance

Danamon’s fourth-quarter profit more than quadruples

Posted on 18 February 2011

From Bloomberg: PT Bank Danamon Indonesia, controlled by Temasek Holdings Pte and Deutsche Bank AG, said profit more than quadrupled in the fourth quarter last year on loan growth and non-interest income such as fees and insurance.
The lender posted net income of 680 billion rupiah ($77 million) in the three months to Dec. 31, compared with 167 billion rupiah a year earlier, Bank Danamon said in a statement released in Jakarta today……………………………………….Full Article: Source


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