JAKARTA. State owned enterprises or SOEs banks have released their financial reports in the third quarter of 2016. PT Bank Negara Indonesia Tbk (BBNI) is the first SOE bank, which issued the financial performance among other banks. Recently, PT Bank Tabungan Negara Tbk (BBTN), which focuses on the segment of property credit, reported two-digit gworth during the first nine months of 2016. During the third quarter of 2016, BTN succeeded to book a 32.6% of profit growth to Rp 1.6 trillion. President Director of BTN Maryono revealed that the increases in the bank’s profit growth were mainly caused by the growth of net interest income and fee based income. During the third semester of 2016, the net interest income of BTN increased by 12.9% to Rp 5.5 trillion.
SOE banks recorded rapid growth
JAKARTA. State owned enterprises or SOEs banks have released their financial reports in the third quarter of 2016. PT Bank Negara Indonesia Tbk (BBNI) is the first SOE bank, which issued the financial performance among other banks. Recently, PT Bank Tabungan Negara Tbk (BBTN), which focuses on the segment of property credit, reported two-digit gworth during the first nine months of 2016. During the third quarter of 2016, BTN succeeded to book a 32.6% of profit growth to Rp 1.6 trillion. President Director of BTN Maryono revealed that the increases in the bank’s profit growth were mainly caused by the growth of net interest income and fee based income. During the third semester of 2016, the net interest income of BTN increased by 12.9% to Rp 5.5 trillion.