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Top 5 Banks by Profit, 2016

14/03/2017 13:42 WIB

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Laba Bank 2016

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BRI Bank again leads in national banking profit. In the company's financial report as of December 2016, this bank, with assets of Rp 1,003 trillion, recorded a profit of Rp 25.73 trillion, up 2 percent compared to the previous year's Rp 25.2 trillion.

Meanwhile, BCA Bank is in second place with a profit of Rp 20.6 trillion, growing 13.4 percent from the previous year's Rp 18 trillion. This achievement by the bank owned by the Hartono family conglomerate surpassed Bank Mandiri's profit, which only recorded Rp 13 trillion.

The surge in loss provisions due to increasing non-performing loans caused Bank Mandiri's profit to shrink by 34.9 percent throughout 2016. Meanwhile, BCA Bank's profit grew by 13.4 percent, supported by a 12 percent increase in interest income from the previous year.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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