BI 7-Day RR Rate Kept at 5.25%

JAKARTA (Yosefardi) – The central bank, Bank Indonesia (BI), decided Friday last week to hold the BI 7-Day Reverse Repo Rate (BI 7-Day RR Rate) at 5.25%, with the Deposit Facility rate held at 4.50%, while lowering the Lending Facility 100 bps to 6.00%. As...

Citibank Posts 55% Profit Growth

JAKARTA (Yosefardi) – Citibank N.A Indonesia booked net profit of Rp1.2 trillion in first half of 2016, grew by 55% from Rp777 billion in the corresponding period of 2015. Net interest income rose 15% to Rp2 trillion. Net interest margin (NIM) increased to 6.05%...

JP Morgan Posts 78.76% Profit Growth

JAKARTA (Yosefardi) – JP Morgan Chase Bank (Indonesia branch) booked profit after tax of Rp202 billion in first half of 2016, grew by 78.76% from Rp113 billion in the same period of 2015. Net interest income rose 28.4% to Rp316.7 billion from previous Rp246...

Stock Market on Flat Move

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed flat, only down 0.01%, at 5418 at morning close today. Yesterday, the index ended lower 0.09% to 5419 with the selling, dominated by domestic investors, taking place in afternoon...