Bank Muamalat’s Profit Drops 71.6%

JAKARTA (Yosefardi) – Bank Muamat, the largest Islamic bank in Indonesia, reported a 71.6% drop in net profit, to Rp30 billion in first half of 2016, compared to Rp106 billion in the corresponding period of 2015. Revenue fell 22.8% to Rp866 billion from previous...

Market & Inflation

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange opened higher 1.9% at 5315 this morning. Profit taking afternoon session on Friday last week (July 29) dragged down IDX by 1.57% to close at 5216. Investors (mainly local) sold off shares of...

Bank Jasa Jakarta Posts 23.3% Profit Growth

JAKARTA (Yosefardi) – PT Bank Jasa Jakarta booked net profit of Rp90 billion in 2015, grew by 23.3% from Rp73 billion in 2014. Net interest income rose 20.23% to Rp207 billion from previous Rp172 billion. Operating profit increased 21.7% to Rp118 billion from...