Bank Bira's profit rises

Bank Bira's profit rises

JAKARTA (JP): Bank Bira, a private bank listed on the Jakarta Stock Exchange, yesterday reported a 48.59 percent increase in its net profit in the first nine months to Rp 20.83 billion (US$9.1 million) from Rp 14.02 billion in the same period of 1994.

The bank said in a financial report that its revenues from operations in the January-September period increased by 73.49 percent to Rp 30.80 billion.

However, its provision for income tax surged to Rp 10.55 billion in the January-September period from only Rp 3.30 billion in the sale period of last year.

The report said that the bank's total assets sharply increased to Rp 1.52 trillion as of the end of September from Rp 927.50 billion as of September 1994. (kod)