Jul 23, 2010

Bank Mandiri posts Rp4.03 trio profit

One of Indonesia's largest bank PT Bank Mandiri Tbk (BMRI) today announces Rp4.03 trillion of net profit in the first half 2010, a 37.8% growth compared to the same period last year.
Bank Mandiri's Finance Director Pahala Mansyuri said the credit soaring was mainly underpinned by net interest margin and fee based income.
"A higher credit expansion has steeply boosted net interest margin," he said in a press conference today.

Disclosure: No position at the stock mentioned above.

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