JAKARTA (Yosefardi) – PT Bank Ekonomi Raharja Tbk (BAEK), member of HSBC Group, booked profit after tax of Rp105.38 billion in first half of this year, lower than Rp137.4 billion in the same period of last year.
Net interest income increased to Rp558.14 billion from previous Rp437.4 billion. Net interest margin (NIM) was 3.48%. The bank booked interest income of Rp9.25 trillion.
As operating expenses, excluding interest charges, rose to Rp432 billion from earlier Rp300 billion, the bank’s operation profit declined to Rp125.88 billion from previous Rp137.37 billion.
Its assets totaled Rp26.59 trillion of which credits amounted Rp18.93 trillion. The bank booked third party funds of Rp20.95 trillion. Its CAR was 13.26% while loan to deposit ratio (LDR) stood at 90.38%.