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% from earlier 5.37%. Loan provision dropped 35% to Rp397 billion, from previous Rp613 billion.
Citibank’s capital adequacy ratio (CAR) also rose to 27.25% from 25.83% in first half of 2015.