The Jakarta Post
Indonesian lending giants PT Bank Mandiri (BMRI) and PT Bank Central Asia (BBCA) may have booked net profit breaking the Rp 10 trillion (US$1.1 billion) mark for the first time thanks to strong lending and fee-based income, unaudited figures show.
The banks’ audited financial statements will be released within the week.
Mandiri’s bottom line jumped 30.8 percent to Rp 11.57 trillion in 2011 compared with a year earlier, while BCA’s was up by 21.91 percent to Rp 10.21 trillion during the same period, according to the banks’ unaudited financial statements published by regulator Bank Indonesia (BI).
Most of the nation’s top 10 banks have submitted audited financial statements for the year ending December 2011, seeing a surge in lending and consequently net profits as the steady overall economic growth of more than 6 percent in the past two years has increased d...