Bank Rakyat Indonesia posts $1.9-B profit in 2012

Rising loan demand pushed Bank Rakyat Indonesia's profit by 23 percent in 2012.

Net income at BRI rose to Rp 18.5 trillion ($1.9 billion) last year from Rp 15.08 trillion in 2011. Net interest income was Rp 33.5 trillion in 2011.

Many Indonesian banks have benefited from rising loan demand amid low borrowing costs in Indonesia. Indonesia’s central bank, Bank Indonesia, has refrained from raising rates in the past 12 months as it tries to spur economic growth in Indonesia.

Total outstanding loans at BRI, which gives out loans to small- and medium-sized companies, rose 23 percent to Rp 348.2 trillion last year from Rp 283.6 trillion in 2011.

BRI and its rivals such as Bank Mandiri will stand to benefit from strong loan demand in Indonesia this year.

The forecast of Indonesia’s central bank was that lending by commercial banks will grow 24 percent this year, almost the same pace it recorded last year.

For more.

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