Bank Mega (MEGA) booked net profit of Rp1.3 trillion in 2017, grew 12.26% year on year (y/y). Its assets rose 16.68% to Rp82.3 trillion with loan growing 24.56% to Rp35.22 trillion. MEGA’s third party funds also increased 19.9% to Rp61.28 trillion. The Bank’s CAR stood at 24.1% and NPL was 1.41%. Bank Mega targets assets to reach Rp90.1 trillion this year, with loan or credit targeted for Rp41.4 trillion and third party fund targeted for Rp67.4 trillion. It also expects to book net profit of Rp1.4 trillion this year.
