BRI Remains Top in Banking Profitability

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03/08/2017 18:33 WIB

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Net Profit of Five Major Banks Semester I 2016 and Semester I 2017

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BRI Remains Top in Banking Profitability

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Net Profit of Five Major Banks Semester I 2016 and Semester I 2017

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Bank Rakyat Indonesia (BRI) remains the top performer in banking profits. Based on the published financial report for the first half of 2017, the profit of this government-owned bank grew by 10.4 percent to Rp 13.4 trillion compared to the first half of the previous year. This figure is the highest compared to the four other major banks.

The growth of credit and Third Party Funds (TPF) in the first half of 2017 exceeding double digits, improvements in credit quality, and efforts to strengthen the bank's transaction business have managed to increase the bank's operating income.

In second place is Bank Central Asia (BCA), where the profit of this bank, owned by a cigarette entrepreneur from Kudus, grew by 10 percent in the first half of this year to Rp 10.54 trillion from the same period the previous year. In third place is Bank Mandiri with profit growth of 33.7 percent to Rp 9.46 trillion. Then Bank Negara Indonesia (BNI), its profit surged by 46.7 percent to Rp 6.41 trillion, and Bank Tabungan Negara (BTN) increased by 21.95 percent to Rp 1.27 trillion.

"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."