REPUBLIKA.CO.ID, JAKARTA -- Publicly traded lender PT Bank Danamon Indonesia said it has improved its loan to deposit ratio (LDR) to a level of 91.3 percent in the third quarter of this year from 99 percent a year earlier.

"Stable increase in funding and slower credit expansion has significantly improved the bank LDR opening room for further growth," a bank director Vera Eve Lim said here on Thursday.

The third party funds held by the bank rose 10 percent to Rp144.13 trillion by September, 2014 from Rp130.61 trillion a year earlier, Vera said.

Danamon chalked up an increase of 6 percent in giro fund, and savings (current accounts and savings/CASA) to Rp50 trillion in September from a year earlier.

Giro and savings contributed 43 percent to the total amount of third party funds held by the bank, and time deposits contributed 19 percent or Rp65.8 trillion.

"Altogether the financing capacity of the banks including CASA, deposits, and long term funding, grew 10 percent on-year to Rp144 trillion in September," Vera said.

The bank's outstanding credits grew 7 percent to Rp139 trillion by the end of the third quarter of this year from Rp129 trillion a year before.

In consolidation, the bank's ratio of credits to its total financing capacity of third party fund was 85.9 percent by the end of September 2014 as against 88.4 percent a year earlier.

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