State-owned bank Bank Mandiri booked a net profit of Rp 9.2 trillion (US$1 billion) last year, a 28.8 percent increase from Rp 7.2 trillion in the previous year, the bank's president director says.
Bank Mandiri president director Zulkifli Zaini attributed the increase in profit to an increase in net interest income and good loan growth.
Last year, the bank's net interest income grew 24 percent to Rp 246.2 trillion and its loans increased by 14 percent to Rp 449.8 trillion.
Zulkifli also said the bank had disbursed Rp 32.8 trillion in loans to small and medium enterprises of which micro credit accounted for 35.8 percent.
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