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| indonesia.go.id |
Bank BRI booked total of net profit Rp 18.6 trillion in the third quarter of 2016. Such profit is higher 1.8% compared to the same period of last year 2015 of which this state owned enterprise booked Rp 18.5 trillion.
President director of BRI asmawi syam stated, the biggest contribution came from net interest income in a line with growth of credit loan. Total loan released in the third quarter is Rp 603.5 trillion or 16.3% higher than the same period of previous year Rp 519 trillion. Besides, another factor boosted the net profit is the lower cost of fund, he added.
The cost of fund lowers from 4.3% in the third quarter 2015 to 3.9% in third quarter of 2016 which is much causedby the increase of saving and deposit. Meanwhile the third party fund up to september 2016 grew 8.9% heeding to Rp 665.5 trillion,from the end of september 2015 amounting Rp 611.3 trillion. The growth of third party fund exceeds the industry average up to 5.6%.
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