Through the Third Quarter of 2016, Banking Profits Still Grew

Maybank Indonesia's profit surged 118 percent to Rp 1.29 trillion in the first three quarters of 2016, up from Rp 592 billion in the same period of the previous year. This growth is the highest among other major banks. The sustained growth in net interest income and non-interest income, along with continuous cost management efforts, fueled the company's profit growth.

Other major banks such as Bank Danamon, Bank BTN, Bank BNI, and Bank BRI also achieved profit growth in the January-September 2016 period compared to the same period in 2015.

This was not the case for Bank Mandiri. Indonesia's largest bank by assets experienced a 17.62 percent decline in profit to Rp 12 trillion in the first three quarters of 2016 compared to the same period in 2015. Increased provisioning costs due to rising non-performing loans burdened the government-owned bank.