“We are targeting a 50:50 portion between net interest income and fee-based income for the next three years,” Peter said.
DBS Indonesia now earns three quarters of its income from interests charged to debtors. The lenders net-interest income was recorded at Rp 603 billion in March this year, up 14 percent from Rp 529 billion in the corresponding period last year.
The banks fee-based income was at Rp 376 billion in March this year, up 13 percent from Rp 333 billion in the same period last year.
DBS Indonesias outstanding loans now stand at Rp 39.7 trillion, relatively unchanged from last year as demand for company loans has yet to recover.
The lender disbursed 80 percent of its loans to companies in the plantation, automotive, pharmaceuticals amp; chemicals, fast-moving consumer goods, food and beverage, and infrastructure sectors. The remaining portion of the loans are channeled to consumer business companies.