Top 5 Big Banks in Indonesia Q3 2023: Who's Number One?

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Cindy Mutia Annur 06/11/2023 19:00 WIB

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Based on reports compiled from the Indonesia Stock Exchange (IDX), Bank Rakyat Indonesia (BRI) achieved the highest net profit among the five largest Indonesian banks in Q3 2023.

Net Profit of Indonesia's Five Largest Banks (January-September 2023)

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Top 5 Big Banks in Indonesia Q3 2023: Who's Number One?

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Net Profit of Indonesia's Five Largest Banks (January-September 2023)

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Five major Indonesian banks recorded positive performance until the end of Q3 2023.

These five banks are Bank Central Asia (BCA), Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), and Bank CIMB Niaga.

Based on reports compiled from the Indonesia Stock Exchange (IDX), among these five banks, the largest net profit was achieved by the state-owned bank, Bank Rakyat Indonesia (BRI).

In the first nine months of this year, BRI booked a net profit of Rp44.21 trillion, up 12.47% year-on-year (yoy) compared to January-September last year.

Second place was occupied by another member of the Indonesian state-owned banks association (Himbara), Bank Mandiri, with net profit growing 27.4% (yoy) to Rp39.06 trillion.

Next is BCA with a net profit of Rp36.44 trillion until the end of Q3 2023, up 25.8% (yoy).

In the same period, BNI recorded net profit growth of 15.1% (yoy) to Rp15.88 trillion, and Bank CIMB Niaga's net profit grew 27.24% (yoy) to Rp4.95 trillion.

Editor : Adi Ahdiat

"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."