BNI posts 25.1% rise in profits for 2016
Bank Negara Indonesia (BNI) - FY 2016 net profit of IDR11.34tn ($849.6m), up 25.1% YoY, due to increases in trade finance, debit card and account management and fees from bancassurance.

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Linkedin Prima Wirayani (The Jakarta Post) Jakarta ● Thu, January 26, 2017

State-owned lender BNI saw a 25.1 percent increase in net profit last year, compared to the same period in 2015, to Rp 11.34 trillion (US$849.6 million).

The increase was supported by a 17.4-percent upsurge in its net interest income (NII) and a 23.1 percent rise in non-interest income, to Rp 29.99 trillion and Rp 8.59 trillion, respectively.

The higher non-interest income is mainly supported by increases in trade finance, debit card and account management and fees from bancassurance.

(Read also: Economist touts Mandiri, BNI merger to boost growth)

"The achievements reflect our improving business management," BNI vice president director Suprajarto told a press briefing in Jakarta on Thursday. "We have been able to implement a strong business strategy, prudent financing, reliable human resources, better technology and organization changing."

BNI managed to disburse Rp 393.28 trillion of loans last year, up 20.6 percent from the same period last year. Third-party funds (DPK) grew by 17.6 percent from 2015 to Rp 435.55 trillion last year. (bbn)