BDNI reports profit rising<\/p>\n
JAKARTA (JP): The publicly listed Bank Dagang Nasional
\nIndonesia (BDNI) booked an 8 percent increase in its net profit
\nin the first half of this year to Rp 74 billion (US$31 million)
\nover the same period of last year.<\/p>\n
The bank said in a statement over the weekend that its
\ninterest revenue rose 25 percent to Rp 187 billion in the first
\nhalf of this year, while its fee-based revenue -- which was
\nderived from foreign exchange transactions, trade financing,
\nretail fees and credit cards -- amounted to Rp 65.9 billion.<\/p>\n
As a result, the bank's total operating revenue increased by
\n28 percent to Rp 252 billion in the first half of this year, the
\nstatement said.<\/p>\n
It said the bank's first-half before-tax profit of Rp 105
\nbillion is in line with its target.<\/p>\n
The bank, an affiliate of the Gajah Tunggal Group, is
\nprojected to book Rp 240 billion in pretax profits for the whole
\nof this year.<\/p>\n
BDNI, which currently has total assets of Rp 15 trillion, said
\nthat as of June, its total loans amounted to Rp 11.5 trillion, an
\nincrease of 15 percent from the end of last year, of which non-
\nperforming loans accounted for Rp 25 billion.<\/p>\n
Its total deposits reached Rp 10 trillion as of June 30,
\ncompared to Rp 7 trillion as of June 1995.<\/p>\n
BDNI is planning to sell its majority stake to PT Gajah Surya
\nMulti Finance under a restructuring plan of the Gajah Tunggal
\nGroup. (alo)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bdni-reports-profit-rising-1447893297",
"image": ""
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