Bank Panin Syariah

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