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.
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 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.
The consolidated net profit of Indonesia’s private banks grew 8.61 percent to 6.1 trillion rupiah during the first quarter.
Local lenders’ assets stood at 953.7 trillion rupiah in the banking sector only at the end of the quarter and 972.93 trillion rupiah in all fields.
Private and joint venture banks reported 1.6 percent in credit growth, while the loan portfolio of private lenders grew 1.8 percent to 597.73 trillion rupiah./.
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