, Indonesia

Indonesia's BTN ups profit by 63% in H1

riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.

 

Net income at BTN rose to Rp 621 billion or US$65 million in the January to June period, from Rp 381.2 billion in the same period last year. Net interest income, or the interest earned on loans after deducting interest paid for deposits, increased to Rp 2.27 trillion in the first half year, from Rp 1.69 trillion last year.

BTN is just the latest Indonesian lender to report favorable first-half earning results.

But unlike these banks, BTN primarily focuses on mortgage lending.

The mortgage lender is 71.6 percent controlled by the government.

For more.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.