BBNI Net Profit Grows 31.6%

BBNI Net Profit Grows 31.6%

Bank BNI TBk (BBNI) booked net profit amounting to IDR 10.16 trillion in the third quarter of 2017, growing 31.6 percent over the same period last year. This was supported by net interest income increasing 7.5 percent and decline in loan cost by 70 bps to 1.7 percent.

Herry Sidharta, Vice President Director of BBNI, said the company recorded net interest income amounting to IDR 23.5 trillion. This was supported by loan distribution growing 13.3 percent to IDR 421.4 trillion. Net interest margin (NIM) remained stable at 5.5 percent.

Fee based income also increased 15.1 percent to IDR 7.18 trillion as of September 30, 2017, which is contributed by trade finance, bancassurance, bank guarantee, syndicated loan, and card business.

On Thursday (12/10), BBNI rose 2.74 percent to IDR 7,500. (*)

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