PT Bank Tabungan Pembangunan Nasional Tbk (BTPN) reported a 63% increase in net profit to Rp585.1 billion in the first half of this year from Rp358.9 billion a year earlier.
In an official statement sent to Indonesia Stock Exchange (IDX) today, the net profit increase was underpinned by growth in loan channelling.
BTPN chanelled Rp26.7 trillion loan, a 33% increase from Rp20.1 trillion. The third party funds reached 32% increase to Rp29.5 trillion from Rp22.3 trillion. The banks' total assets reached Rp40 trillion, a 43% growth from the same period last year.
Disclosure: No position at the stock mentioned above.
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