Profile

Industry Sector Finance
Industry Sub Sector Banking
Established 2009
Listed 15 January 2014
Listed Company Code PNBS
Listed Shares 4,750,000,000,000
Dividend -
Major Shareholders (>5%) Bank Pan Indonesia (51.96%)
Dubai Islamic Bank (39.58%)
Key Subsidiaries -

Stock Quote Bank Panin Syariah - PNBS:

Business Summary

Bank Panin Syariah is a full-fledged sharia bank that offers four types of financing: murabahah (goods contract purchase), mudharabah (financing client to manage fund), musyarakah (partnership contract with profit/loss sharing principle), and qard (non-interest financing).

At the start of 2016 the company has 13 local branches located in Jakarta, Bogor, Surabaya, Bandung, Malang, Semarang, Sidoarjo, and Makassar.

Islamic banking is one of the untapped potentials of Indonesia. For a detailed overview of this industry visit our Islamic finance industry section.

Bank Panin Syariah's Financial Highlights:

     2011    2012    2013    2014    2015F    2016F
Net Revenue      70     146     273     527     712     897
Gross Profit
EBITDA
Net Profit      11      37      21      71      87     115
Income before Tax      15      50      29      96     116     153
Total Assets    1,019    2,141    4,053    6,208    6,920    8,232
Total Liabilities     564    1,649    3,527    5,135    5,754    6,995
Earnings per Share¹      2.2      7.4      4.3      7.2      8.9     11.7
P/E Ratio (x)        24.9     27.5     20.9
PBV (x)      1.6      2.1      1.9

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Pefindo

Strengths of Bank Panin Syariah:

The only sharia bank that has listed on the Indonesia Stock Exchange (IDX)
Supported by the sixth-largest commercial bank in Indonesia (Bank Panin)
Islamic finance in Indonesia is yet to take off (although the country contains the world’s largest Muslim population)
The company secures collateral with a value higher than the loan disbursed and has never entered unsecured financing (Kredit Tanpa Agunan, or KTA)
Low non-performing loans (NPL)

Weaknesses of Bank Panin Syariah:

The bank still has a small branch network
Limited amount of products and services
Tight competition in Indonesia’s banking sector

Location

Contact Details

Gedung Panin Life Center
Jalan Letjen S. Parman Kav. 91
Slipi, West Jakarta - 11420
Phone: +62 21 5695 6100
Fax: +62 21 5695 6105
Email: corsec@paninbanksyariah.co.id
www.paninbanksyariah.co.id