JAKARTA (Indonesia Today) – PT Bank Pembangunan Daerah Jawa Timur (Bank Jatim) booked net profit of Rp334.49 billion in the first half of 2012, declined 18% from Rp409.4 billion in the corresponding period of 2011.
Net interest income also fell to Rp889.35 billion from previous Rp905.78 billion. Interest income increased to Rp1.31 trillion while interest expense rose to Rp417.46 billion. Net interest margin was 6.21%.
Operating profit declined to Rp462.26 billion from Rp556.07 billion in first half of 2011.
As of June 2012, its assets totaled Rp30.11 trillion of which credit amounted Rp17.83 trillion. Loan to deposit ratio (LDR) stood at 71.41%. (hans@theindonesiatoday.com)