BNI profit soar to Rp2.5t

Tue, 04 Feb 2003 | Source: AGENCIES

JAKARTA: State-owned PT Bank Negara Indonesia (BNI) Monday said its unaudited net profit rose to Rp 2.56 trillion (US$284 million) in 2002 from Rp 1.75 trillion a year earlier.

The bank said net interest income rose to Rp 4.28 trillion in 2002 from Rp 2.77 trillion a year earlier. It didn't comment on its performance.

Elsewhere, BNI Director Binsar Pangaribuan also told Parliament the bank expects its net profit to increase to Rp 2.8 trillion this year.

The bank plans to provide Rp 10 trillion in new loans this year, he added. --Dow Jones

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