BRI gains IDR3.26 trillion net income

JAKARTA: PT Bank Rakyat Indonesia Tbk posted IDR3.26 trillion consolidated net income, or 51.62% higher compared to IDR2.15 trillion in same period last year.The increased income was supported by the interest and non-interest incomes apart from the efficiency of operational expenses.BRIs financial statement shows the company's interest income rose IDR11.5 trillion from IDR9.2 trillion while interest expenses increased to IDR3.2 trillion from IDR2.2 trillion.Non-interest income contributes IDR3.87 trillion from IDR3.04 trillion while the ratio of operational cost to operational income declined to 69.12% from 72.3%.BRIs increased income was indirectly boosted by credit expansion instrument that grew 20.24% to IDR251.27 trillion, from previously IDR208.96 trillion.The third party fund of the state-controlled bank rose to IDR293.3 trillion from IDR243.86 trillion. It assets soared IDR376.16 trillion from IDR306.98 trillion as resulted with the increase of credit and fund.Nonetheless, loan to deposit ratio slightly decreased 85.75% from 86.53%. (T06/NOM)