{
    "success": true,
    "data": {
        "id": 1160505,
        "msgid": "niaga-profit-little-changed-1447893297",
        "date": "2005-10-22 00:00:00",
        "title": "Niaga profit little changed",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "Niaga profit little changed Naila Firdausi and Soraya Permatasari, Bloomberg, Jakarta PT Bank Niaga, an Indonesian bank controlled by Malaysia's second-biggest lender, posted nine-month net income that was little changed, as tighter loan regulations and a rise in interest rates hurt banks' profits. Net income in the nine months ended Sept.",
        "content": "<p>Niaga profit little changed<\/p>\n<p>Naila Firdausi and Soraya Permatasari, Bloomberg, Jakarta<\/p>\n<p>PT Bank Niaga, an Indonesian bank controlled by Malaysia's<br>\nsecond-biggest lender, posted nine-month net income that was<br>\nlittle changed, as tighter loan regulations and a rise in<br>\ninterest rates hurt banks' profits.<\/p>\n<p>Net income in the nine months ended Sept. 30 rose to Rp 436<br>\nbillion (US$43 million), a 0.2 percent increase from Rp 435<br>\nbillion a year earlier, the Jakarta-based lender said in a<br>\nstatement published on the stock exchange Web site.<\/p>\n<p>Net interest income, or revenue from borrowers after deducting<br>\ninterest paid to depositors, rose 21 percent to Rp 1.32 trillion,<br>\nfrom Rp 1.09 trillion a year earlier.<\/p>\n<p>Profit growth at Indonesia's commercial lenders may slow after<br>\nthe central bank raised interest rates in a bid to control<br>\ninflation and boost the rupiah. Bank Indonesia has raised its<br>\nbenchmark interest rate by 2.5 percentage points since July to 11<br>\npercent on Oct. 4, the highest in more than two years.<\/p>\n<p>The central bank has tightened bad-loan rules. It's requiring<br>\ncommercial lenders to classify as a loan loss any loan on which<br>\nno principal or interest has been paid for 180 days, reducing the<br>\nperiod from 270 days. Loans to a borrower owing money to two or<br>\nmore banks will all be considered bad should just one go into<br>\ndefault.<\/p>\n<p>Niaga's net non-performing loans rose to 4.23 percent of total<br>\nloans, from 3.31 percent a year earlier.<\/p>\n<p>Bank Niaga, 61.5 percent owned by Commerce Asset-Holding Bhd.<br>\nof Malaysia, said outstanding loans rose to Rp 27.8 trillion as<br>\nof the end Sept 30, 2005, from Rp 18.7 trillion a year earlier.<\/p>\n<p>Shares of Bank Niaga, which have fallen 11.4 percent since the<br>\nbeginning of this year, rose Rp 5, or 1.4 percent, to Rp 365 at<br>\nthe close of trading on the Jakarta Stock Exchange today. The<br>\nearnings were announced after trading hours.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/niaga-profit-little-changed-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}