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Net profits of state-owned lender BRI stagnate
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BRI president director Asmawi Syam (third right) converses with the board of directors during a press briefing in Jakarta on Jan. 31. (JP/Prima Wirayani)
S
tate-owned lender Bank Rakyat Indonesia (BRI) announced its net profits had stagnated at Rp 25.8 trillion (US$1.9 billion) last year. The bank earned Rp 25.2 trillion in 2015.
The publicly listed lender booked Rp 65.7 trillion in net interest income during the period, an increased of 16.27 percent year-on-year (yoy).
Its fee-based income grew by more than 25 percent to Rp 9.2 trillion.
"BRI consistently recorded positive growth during the last 12vyears because we implemented prudential banking principles so that our credits grow well with good quality," BRI president director Asmawi Syam told journalists in a press briefing in Jakarta on Tuesday.
(Read also: BRI intensifies support for SMEs)
BRI disbursed Rp 635.3 trillion in loans last year, up 13.8 percent from the same period the year before. Its third party funds (DPK) expanded by 12.6 percent to Rp 723.8 trillion.
The bank's assets were worth just over Rp 1 quadrillion as of December last year, an increase of 14.3 percent yoy. (bbn)
