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Jakarta Post
The Jakarta Post 34
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BNI net profits rise 21% on lending growth, recovery

  • Raras Cahyafitri

    The Jakarta Post

| Fri, March 1 2013 | 11:23 am
BNI net profits rise 21% on lending growth, recovery

State-owned Bank Negara Indonesia (BNI) enjoyed a 21 percent increase in net profits last year on the back of a rise in credit disbursements, which was in line with overall growth in the banking industry, and recovery of bad debts.

BNI booked Rp 7.1 trillion (US$731 million) in net profits last year, a significant increase compared to the Rp 5.8 trillion it reaped a year earlier.