Menu
idnbonds

Bank OCBC NISP Bond Issuance 2015

By administrator | May 1, 2015 | Finance.
OCBC NISP Bond Issuance

Illustration: OCBC NISP Bond Issuance

Bank OCBC NISP Bond Issuance 2015

Ratios (%):
Capital Adequacy Ratio (CAR) : 18,74
Capital Adequacy Ratio (CAR) Tier I : 17,17
Non Performing Loan (NPL) – Gross : 1,34
Non Performing Loan (NPL) – Net : 0,80
Return on Asset (ROA) : 1,79
Return on Equity (ROE) : 9,68
Net Interest Margin (NIM) : 4,15
Cost to Income Ratio (CIR) : 55,48
Loan to Deposit Ratio (LDR) : 93,59
Current Account Saving Account : 34,72

Controlling Shareholders (%):
OCBC Overseas Investment Pte. Ltd : 85,1
Other shareholders (below 5%) : 14,9

Bank OCBC NISP’s Bonds:
Continuous Bonds I Phase II OCBC NISP 2015
A series IDR 1.09 trillion tenor 370-days, coupon 9,00%
B series IDR 670 billion tenor 2-years, coupon 9,40%
C series IDR 1,24 trillion tenor 3-years, coupon 9,80%

OCBC NISP Bond Issuance

Net Interest Income and Lower Provision Expense Supported Net Interest Income Growth
PT Bank OCBC NISP Tbk (NISP) recorded a net profit of IDR1.33 trillion in 2014, growing by 17% yoy. The net profit growth was supported by the net interest income which exceeds its operating expenses in the same period. Net interest income grew by 19% in 2014 while the operating expenses inched up by 12%. Net profit growth was also supported by the company’s ability to lower the provisioning costs by 15% to IDR 221 billion in 2014.

Manageable NPL in Line with Wider Business Diversification
Bank OCBC NISP managed to maintain its healthy assets quality by further diversifying its credit disbursement. The company’s gross NPL is maintained at 1.34% of total gross loan worth IDR 915 billion in 2014 versus 1.99% in 2010. The NPL level is relatively lower than the industry average of 2.2% even significantly below the threshold limit of 5%.

NIM Improved Along with the Company’s Ability to Maintain Interest Rate In 2014, the bank recorded NIM at 4.15%, slightly above last year’s level at 4.11%. The moderate increase indicates the bank’s ability to maintain its interest rate compared to last year. For the record, the company’s CASA ratio posted at 34.72% in 2014.

OCBC NISP Bond Issuance and SMEs

OCBC NISP (formerly known as NISP Bank), was established on April 4, 1941 in Bandung with the name NV Nederlandsch Indische Spaar En Deposito Bank. The bank was developed to serve the SMEs segment after officially inaugurated as a commercial bank in 1967, foreign exchange bank in 1990, and the bank listed its share in Indonesia Stock Exchange in 1994.

OCBC NISP Bond Issuance and Financial Highlight

The company was able to post a credit growth up to 7% in 2014, relatively higher than the third-party funds growth. Higher loan growth has led the loan to deposit ratio (LDR) to rise by more than 100 bps to 93.59%. However, this level is still below Bank Indonesia limit threshold at 100%, giving room for the company to expand further.

The net income growth was also driving higher assets productivity as seen by higher ROA and ROE which has increased to 1.79% and 9.68% respectively in 2014. While its capital adequacy ratio (CAR) stood at 18.74%.

The company’s total assets and equity grew along with the loan expansion in 2014. Total assets grew by 6% to record IDR103.12 trillion while equity grew by 11% to IDR14.91 trillion. The company’s total loans expanded by 7% to IDR 68.36 trillion.

OCBC NISP Bond Issuance and Funding

In the funding side, the third-party funds also continue to increase, growing by 6% to post IDR 72.81 trillion in 2014. The third-party funds growth in 2014 was support by time deposits and savings which grew by 13% and 4% respectively.

Bank OCBC NISP managed to maintain its healthy assets quality by further diversifying its credit disbursement in 2014. The company’s gross NPL was maintained at 1.34% of total gross loan worth IDR 915 billion in 2014 versus 1.99% in 2010. The NPL level is relatively lower than the industry average of 2.2% even significantly below the threshold limit of 5%.

OCBC NISP has disbursed credit selectively to maintain its liquidity as well as good assets quality in 2014 due to slowing economic growth, tight liquidity, and uncertainty in the presidential election. Previously, the company recorded a gross NPL at 0.73% in 2013.

In 2014, the bank recorded NIM at 4.15%, slightly above last year’s level at 4.11%. The moderate increase indicates the bank’s ability to maintain its interest rate compared to last year. For the record, the company’s CASA ratio posted at 34.72% in 2014.

OCBC NISP Bond Issuance and Company Profile

PT Bank OCBC NISP (formerly known as NISP Bank), was establish on April 4, 1941 in Bandung with the name NV Nederlandsch Indische Spaar En Deposit Bank. The bank was develop to serve SMEs segment after officially inaugurated as a commercial bank in 1967, foreign exchange bank in 1990, and the bank listed its share in Indonesia Stock Exchange in 1994.

OCBC NISP successfully weathered Asian financial crisis and banking sector collapse and has become one of the first few banks to resume credit disbursement during the crisis. In addition, the company has successfully increased its equity by almost 2 times through the issuance of “Zero-Coupon Mandatory Exchangeable Notes”, with the support from Regent Pacific Private Equity (RPPE).

OCBC Overseas Investments Pte. Ltd has been acting as the controlling shareholders since 2005 with 85.1% stake in the company. OCBC Overseas Investments Pte. Ltd is subsidiary of the Oversea-Chinese Banking Corporation Limited (OCBC Bank), and constantly provides strong support to OCBC NISP.

Translate »
Copy Protected by Chetan's WP-Copyprotect.