In the second quarter of 2019, Bank Mandiri recorded the highest net profit among the five largest banks.
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PT Bank Mandiri (BMRI) recorded the highest net profit among the five largest banks in Indonesia that have reported their Q2 2019 performance. The state-owned bank's net profit grew by 11.1% (yoy) to Rp 13.5 trillion. Bank Mandiri's net profit growth was driven by a 14.85% (yoy) increase in interest income to Rp 44.5 trillion and a 21.28% decrease in loan loss provisions.
PT Bank Central Asia Tbk (BBCA) ranked second with a net profit of Rp 12.8 trillion in Q2 2019. PT Bank Negara Indonesia Tbk (BBNI) was in third place with a net profit of Rp 7.6 trillion.
The other two bank issuers, namely PT Bank Danamon Indonesia Tbk (BDMN) and PT Bank Tabungan Negara (BBTN), recorded net profits below Rp 2 trillion. BDMN achieved a net profit of Rp 1.8 trillion, down 10% compared to Q2 2018. This decrease was due to an increase in the cost of funds (CoF) since the end of last year. Meanwhile, BBTN obtained a net profit of Rp 1.3 trillion.
(Read Databoks: Bank Credit Disbursement Grew 11.13% until May 2019)
"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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