Indonesia: Banking industry posts strong Q1

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.

Thursday, May 28, 2020 17:19

Indonesia: Banking industry posts strong Q1 ảnh 1

The consolidated net profit of Indonesia’s private banks grew 8.61 percent to 6.1 trillion rupiah during the first quarter (Photo: The Jarkata Post)

Jakarta (VNA) - Bank Central Asia (BCA), Indonesia’s largest lender by marketcapitalisation, reported 6.58 trillion rupiah (444 million USD) in net incomein the first quarter of this year, up 8.5 percent against the first quarter of2019, when it reported net income of 6.06 trillion rupiah.

The consolidatednet profit of Indonesia’s private banks grew 8.61 percent to 6.1 trillionrupiah during the first quarter.

Locallenders’ assets stood at 953.7 trillion rupiah in the banking sector only at theend of the quarter and 972.93 trillion rupiah in all fields.

Privateand joint venture banks reported 1.6 percent in credit growth, while the loanportfolio of private lenders grew 1.8 percent to 597.73 trillion rupiah./.

VNA

#Bank Central Asia #Indonesia’s private banks #Indonesia #banking industry #credit growth #private lenders #Vietnamplus #Vietnam News Agency Indonesia

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