BRI H1 net profit up 13%<\/p>\n
Dow Jones, Jakarta<\/p>\n
Bank Rakyat Indonesia said on Wednesday its first-half net profit
\nrose 13 percent from the year-earlier period because of an
\nincrease in interest income.<\/p>\n
Net profit for the January-to-June period rose to Rp 1.94
\ntrillion from Rp 1.72 trillion a year earlier, Bank Rakyat said
\nin a statement.<\/p>\n
The bank's expansion in consumer lending helped fuel a 9.4
\npercent growth in net interest income to Rp 6.05 trillion during
\nthe first half, from Rp 5.53 trillion a year earlier, the bank
\nsaid.<\/p>\n
At the end of June, the bank's total outstanding loan
\nportfolio stood at Rp 68.95 trillion, up from Rp 55.04 trillion
\nat the end of June 2004.<\/p>\n
The lending-to-deposit ratio rose to 77.06 percent, among the
\nhighest in the banking industry, from 69.11 percent.<\/p>\n
BRI's net interest margin stood at 12.12 percent, compared
\nwith 12.18 percent a year earlier.<\/p>\n
The bank's capital adequacy ratio, which is the ratio between
\nits own equity capital and risk-weighted assets, however fell to
\n17 percent at end-June, down from 19.33 percent a year ago.<\/p>\n
The bank said the fall in the capital adequacy ratio was due
\nto the increase in lending.<\/p>\n
The bank's total assets rose to Rp 113.47 trillion from Rp
\n99.28 trillion a year earlier.<\/p>\n
BRI is Indonesia's fourth-largest lender by assets after Bank
\nMandiri, Bank Central Asia and Bank Negara Indonesia.<\/p>\n
BRI, which is 69.5 percent owned by the government, focuses on
\npromoting the country's microfinance and small business sectors.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bri-h1-net-profit-up-13-1447893297",
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