Bali raises NPL provision<\/p>\n
JAKARTA (JP): Publicly listed PT Bank Bali announced yesterday
\nit had increased its non-performing loan (NPL) provisions to Rp
\n400.4 billion (US$28.6 million) as of June 30, from Rp 213.21
\nbillion at the end of last year.<\/p>\n
Despite the huge NPL provisioning, Bank Bali booked a net
\nprofit of Rp 60.1 billion for the first semester, compared to Rp
\n69.96 billion booked for the whole year of 1997 and Rp 72.27
\nbillion in 1996.<\/p>\n
The bank said its total credits expanded by 58 percent in
\nnominal value during the six-month period to Rp 10.67 trillion at
\nthe end of June, mostly because of the sharp fall in the rupiah
\nvalue against the U.S. dollar.<\/p>\n
However, in real terms, the credit growth was negative.
\nCredits denominated in rupiah dropped 23.2 percent to Rp 3.15
\ntrillion from Rp 4.1 trillion at the end of 1997. Credits in the
\nU.S. dollar also declined by 11.4 percent to $504.77 million from
\n$569.99 million.<\/p>\n
Bank Bali's foreign debts decreased to $153.78 million at the
\nend of June from $347.22 million at the end of Dec. 1997.<\/p>\n
\"Bank Bali has so far never defaulted on the payment of its
\ndebts to foreign creditors. It can be seen from our decreasing
\noutstanding foreign debts,\" bank president Rudy Ramli said. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bali-raises-npl-provision-1447893297",
"image": ""
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