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Quarter III: Bank BTN Profits Growth To 32.6%

Jakarta (Benchmark News) – PT Bank Tabungan Negara Tbk (BBTN) notes net profit by as much as Rp1,6 trillion in the quarter III-2016, up 32.6% from the same period of last year which was only Rp1,2 trillion.

Director of BTN, Mr Maryono says net profit growth came from an increase in net interest income and fee income base acquisition.

“The growth is higher than the industry average which grow only 9.14% in August 2016. We are optimistic it will be able to maintain the pace of growth and achieve the target end 2016.0 ” he said in Jakarta, Monday (24/10/2016).

On the credit side, continued he, growing 16.9% from Rp131,6 trillion in 2015, become Rp153,8 trillion in September 2016. Credit and financing the growing above the national industry only grew 6.8% in August 2016.

“While assets grew 18.8% to Rp197,3 trillion from the same period last year amounted to Rp166 trillion. Higher than the industry’s assets grow only 6.2%, “he said.

While the three-party funds (DPK) grow up to 18.5% from Rp124,5 trillion in 2015, become Rp147,5 trillion in the quarter III-2016…(Red)

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