Jul 25, 2011

BNI 1H net profit increases 41%

The state-controlled PT Bank Negara Indonesia Tbk (BNI) today reported a 41% increase in net profit in the first half of this year.
In an official statement published today, BNI booked Rp2.73 trillion net profit from Rp1.93 trillion a year earlier. The increase was because of higher interest income of 5% as well as fee-based income, and efficiency. 
In line with the higher net profit, the bank's loan channeling rose 21% to Rp152.90 trillion from Rp126.23 trillion. The bank's net non performing loan narrowed to 0.7% from 0.9%. 
Net interest income grew 5% to Rp6.09 trillion from Rp5.80 trillion. Total deposits increased 9% to Rp200.14 trillion from Rp184.20 trillion.

Disclosure: No position at the stock mentioned above.

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