Bank Rakyat Indonesia forecasts 2010 profit up 15%

Yet BRI’s $922mn estimated profit might fall second to Bank Mandiri’s $942.35mn.

Indonesia's second largest lender in assets PT Bank Rakyat Indonesia said its net profit last year was estimated at Rp8.3 trillion (US$922 million), or a 15 per cent rise from the previous year.

The estimated profit met the target set by the bank, said Sofyan Basir, the president of the state lender, as stated in a report in Trading Markets.

Basyr said the banks is set to chalk up a 15 per cent increase in net profit this year with credits set to grow by 20 per cent.

For the first time in five years, BRI might fall to second in profit in 2010 as Bank Mandiri, the country's largest bank was estimated to post Rp8.5 trillion ($942.35 million ) in profit last year.

Follow the link for more news on

Also Read

BEA’s Ivy Chan on managing banking risks and trade war shifts

Cambodia enables cross-border QR code payments via UnionPay

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit