Indonesia's largest private bank posts 10 pct net profit growth in H1

Source: Xinhua| 2017-07-27 20:20:32|Editor: Zhou Xin
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JAKARTA, July 27 (Xinhua) -- Indonesia's largest privately-run bank, Bank Central Asia (BCA), posted a 10 percent net profit growth to 10.5 trillion rupiah (about 788.5 million U.S. dollars) in the first half this year from the same period last year, the bank's senior executive said here Thursday.

"Our deposit funds as of June this year had grown 16.7 percent to 572.2 trillion rupiah (about 42.9 billion dollars) of which 74.6 percent of it was contributed by savings and current account funds," BCA President Director Jahja Setiaatmadja told a press conference.

Meanwhile, Jahja said the bank saw its operational revenues increased 4.9 percent to 27.4 trillion rupiah (about 2.0 billion dollars) in the period from 26.1 trillion rupiah (about 1.9 billion dollars) last year.

Jahja said the bank's outstanding loans from January to June this year stood at 433 trillion rupiah (about 32.5 billion dollars), or 11.9 percent higher than in the same period last year. Most of its loans went to corporations and consumer expenditure purposes.

The bank's Non-Performing Loan (NPL) ratio stood low at 1.5 percent from the maximum rate of 5 percent in the first half this year. That figure was slightly higher than 1.4 percent in the period last year.

BCA enlisted 662.6 trillion rupiah (about 49.7 billion dollars) of total asset last year, making it the largest private bank in term of asset in the country.

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