Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Indonesia>>Economy>>Bank Mandiri books Rp 20.6t net profit in 2017

NEWS UPDATES Asean Affairs   February 8, 2018  










Bank Mandiri books Rp 20.6t net profit in 2017

State-owned lender Bank Mandiri announced that its 2017 profit grew by 49.5 percent year on year (yoy) to Rp 20.6 trillion (US$1.52 billion), particularly as a result of the decline in reserve costs from Rp 24.6 trillion in 2016 to Rp 16 trillion.

Bank Mandiri president director Kartika Wirjoatmodjo said on Tuesday in Jakarta that the decrease in reserve costs was caused by an improvement in the bank’s gross non-performing loan (gross NPL) to 3.46 percent in 2017 from 4 percent in 2016.

Meanwhile, its net NPL fell to 1.18 percent in 2017 from 1.53 percent in the previous year, Kartika said as reported by kompas.com.

The profit growth was also supported by a 0.6 percent increase in net interest income (NIT) to Rp 54.8 trillion and by 16.4 percent in service income to 23.3 trillion.

He said NII only grew by 0.6 percent because the net interest margin (NIM) of the bank declined from 16.44 percent to 5.87 percent.

Bank Mandiri disbursed Rp 729.5 trillion in 2017, or grew by 10.2 percent yoy he said, adding that the loans were mostly channled to those infrastructure projects that grew by 58.7 percent yoy to Rp 141 trillion.

Transportation projects received Rp 37.3 trilliont, electricity projects Rp 31.3 trillion, oil and gas and renewable energy projects Rp 18.4 trillion, construction projects Rp 15.5 trillion, public housing and urban facility projects Rp 10.6 percent, telematics Rp 9.3 trillion and road projects Rp 7.6 trillion, with the remaining Rp 10.8 trillion to other projects.  


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       February 8, 2018 
• Central Sulawesi records economic growth of 7.14% in 2017 Subcribe: Asean Affairs Global Magazine
• PHL foreign reserves fell to $81.2B in January  Subsribe Now !
• Bank Mandiri books Rp 20.6t net profit in 2017
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Ha Noi’s export value up 24% in January
• 2011 NTC ruling says PLDT entitled to compensation for CURE investment
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
QUESTIONS FOR TRIPALLY FROM WWW.ASEANAFFAIRS.COM
Advertise Your Brand

Asean Stock Watch   Febriaru 7,  2018

• Asean Stock Watch-February 7, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com