MAKASSAR (Yosefardi) – PT Bank Sulawesi Selatan dan Sulawesi Barat (Sulselbar) booked net profit of Rp255 billion in first half of this year, grew by 19.5% from the same period of last year.
Ellong Tjandra, president director of Bank Sulselbar, said the profit gorwth was supported by cost of fund efficiency, which fell to 3.48% from previous 4.68%.
As of June 2013, the bank’s assets reached Rp23.59 trillion and equity was Rp2.96 trillion. Its loan totaled Rp14 trillion.