BRI Remains Top Bank with Rp 20 Trillion Profit

PT Bank Rakyat Indonesia Persero Tbk (BBRI) recorded an 8.2 percent year-on-year (YoY) growth in profit from January to September 2017, reaching Rp 20.54 trillion compared to Rp 18.98 trillion in the same period of the previous year. This increase was driven by a 9.2 percent rise in interest income during the first nine months of the year, reaching Rp 77.3 trillion, while interest expenses only grew by 3 percent to Rp 22.17 trillion.

With this achievement, BBRI maintained its leading position in terms of profit among Indonesian banks. PT Bank Central Asia Tbk (BBCA) ranked second with a profit of Rp 16.82 trillion in the third quarter of 2017, followed by PT Bank Mandiri Persero Tbk (BMRI) in third place with Rp 15.07 trillion. PT Bank Negara Indonesia Tbk (BBNI) ranked fourth with a profit of Rp 10.16 trillion, and PT Bank Tabungan Negara Persero Tbk (BBTN) ranked fifth with a profit of Rp 2 trillion.

Among the five largest banks by assets, BBNI recorded the highest profit growth in the first nine months of 2017, at 31.62 percent YoY. This was followed by BMRI with 25.44 percent growth, BBTN with 23.68 percent, and Bank BCA with 11.34 percent. BBRI, however, recorded the lowest profit growth.