- The Lobby
- Extra Times
Indonesian banks profit up by 31 pct in 2011
The profit of Indonesian banks rose by 31 percent to 75.077 trillion rupiah (some 8.31 billion U. S. dollar) last year, indicating the rise of intermediation function of the banks amid fast growing economy, local media quoting a release from the bank reported here on Thursday.
The rise of profit was supported by the operational income that rose to 390,779 trillion rupiah (some 43.25 billion U.S. dollar) in 2011 from that of 350,873 trillion rupiah (about 48.83 billion U.S. dollar) in 2010, detik.com online, one of the biggest portal reported.
The bank said on Feb. 9 that the banking credit in the country grew by 24.5 percent last year. Investment credit expand by 33.2 percent last year, working capital credit 21.4 percent and consumption credit by 24.1 percent, the bank said in a statement. Non performing loan reached below 5 percent and capital adequacy ratio grew farther more than 8 percent, it said.
For this year, the bank forecasts banking credit was going to grow by 23.6 percent, deputy governor of the bank Halim Alamyah has said. “This indicates that the national banking is still optimistic on our economy,” he said.
Indonesia economy expanded by 6.5 percent last year, the highest since 1996, but some prediction said it may accelerate at slower pace this year as the debt crisis in Europe could trim exports from emerging Asia.
The central bank on Feb. 9 unexpectedly trimmed its benchmark interest rate by 25 basis points to 5.75 percent after keeping it on hold for two months to spur economic growth amid gloomy global economy. The bank cut rate twice in 2010 by 75 basis points to 6.0 percent to spur economic growth amid the weakening global economy.
Responsible Right of Expression — In the interest of freedom of expression, coupled with a true sense of responsibility to encourage community dialogue, the Macau Daily Times offers its readers the opportunity to express their opinions on new-related matters through this website. All opinions are welcome. However, we reserve the right to remove comments that are deemed to be obscene, or are merely insults written under the cloak of anonymity. MDT
- HUMAN RESOURCES | The business battleground: “Companies have to make the career path clearer”
- Medical sector faces difficulties in attracting overseas experts
- Easter celebrations at the Cathedral in three languages
- EDUCATION: Former Harvard scholar shares learning experience with students
- Macau International Jazz Festival kicks off today
- Raising a child at sea “is as healthy as in any other place”
- BRIEFS: GCS releases press law consultation report
- Father of comatose girl collects residents’ signatures
- Residential mortgage loans drop by 41.7pct
- Spring book fair kicks off
- Catholic weekly with Filipino editor and English supplement
- Doctors to apply for license after one-year internship
- Measures announced to control pollution in Ka Ho
- DSRT reaffirms liberalization of TV services but provides no timeframe
- Wynn declines as analyst cites risk of drop in VIP bets