Adira Finance and DSP loans both decreased by 9% and 23% yoy respectively as competition continued to intensify in both the micro and automobile arenas. Bank Danamon - 4Q15 net profit of IDR 498bn ( $37.5m ), a flat increase of 8% QoQ , and down 23% QoQ ; NIM net profit declined by 23% YoY. The bank blamed a slow implementation of its restructuring plan, insufficient talent and too much reliance on six engines of growth as some of the reasons for its poor performance.
Bank Danamon - 4Q15 net profit of IDR 498bn ( $37.5m ), a flat increase of 8% QoQ , and down 23% QoQ ; NIM net profit declined by 23% YoY. The bank blamed a slow implementation of its restructuring plan, insufficient talent and too much reliance on six engines of growth as some of the reasons for its poor performance.