Bank Mandiri posts Rp 9.2t in profit

The Jakarta Post, Jakarta | Thu, 03/31/2011 8:27 AM | Business

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.

State firms book net profit of Rp 84.8t in 2010

Nani Afrida, The Jakarta Post, Jakarta | Fri, 12/31/2010 4:56 PM | Business

Indonesia's 141 state firms booked a total of Rp 84.8 trillion (US$ 9.4 billion) in net profits this year, State Owned Enterprises Minister Mustafa Abubakar said in Jakarta on Friday.

“This was excluding profits from 17 state firms listed on the Indonesia Stock Exchange,” Mustafa said, adding that he was pleased with the result. Last year, state firms booked Rp 74 trillion in profit.

 According to separate reports, the 17 state firms listed on the Indonesian bourse gained Rp 37.9 trillion in net profits during the third quarter of this year.

State firms concentrating in the energy sector had accounted for the biggest portion of the profits, contributing Rp 33.3 trillion, Mustafa said.