JAKARTA (Yosefardi) – Bank Mutiara, controlled by Japanese company J Trust, booked net loss of Rp96.6 billion in the first quarter of 2015 as net interest income fell sharply by 50%.
Bank Mutiara (BCIC) posted net interest income of Rp16.99 billion only in the quarter, dropped by 50% from the same period of 2014.
While other operating income grew 68%, other operating expenses also jumped 38%, which forced the bank to post operating loss of Rp95.4 billion against profit of Rp29.7 billion in the first quarter of 2014.
The bank then recorded net loss of Rp96.6 billion in the period against net profit of Rp12.1 billion in the first quarter of 2014.
Bank Mutiara’s assets, meanwhile, declined slightly to Rp12.35 trillion, despite 23% growth in equity to Rp1.23 trillion.