JAKARTA (Yosefardi) – The Financial Services Authority (OJK) reported national commercial banks’ profit declined 12% to Rp50.84 trillion in the first half of 2015, declined 13% from Rp58.43 trillion in the corresponding period of 2014.
Interest income rose 17.6% to Rp316.32 trillion but interest expenses also jumped 24.2% to Rp168.99 trillion.
While credit grew by 15% to Rp3,516.7 trillion by July this year (year on year), compared to 16.6% growth by June this year. For this year, BI predicts bank’s credit to grow by 15-17%.
The third party funds rose 10.4% to Rp3,673.4 trillion in July , compared to 13.7% growth in June.