BTPN sees net profit contract by 9% in H1

Bank BTPN recorded a contraction in its net profit in this year’s first six months as interest income decreased while bad loans rose. During the first half of the year, the privately-owned bank’s net profit contracted by 9 percent to Rp 1.12 trillion (US$77 million) from Rp 1.23 trillion in the same period last year. Its loan disbursement, on the other hand, grew by 5 percent year-on-year (yoy) to Rp 150.5 trillion, driven by an 18 percent rise in the corporate segment to Rp 88.6 trillion.

July 30 2020, The Jakarta Post - Read 17 times

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