Mandiris net income rises by 56.7%

Bisnis.com,28 Jul 2011, 12:55 WIB

JAKARTA: PT Bank Mandiri Tbk recorded an IDR6.3 trillion net income in the first half of 2011 or 56.7% higher than previous year as supported by the growing non-interest income.According to a press release, the fee-based income rose by 68.6% to IDR6.18 trillion compared to IDR3.66 trillion a year earlier.The companys net interest income also rose by 14.6% to IDR10.38 trillion from previously IDR9.06 trillion.The growing fee-based income and interest revenue were still able to cover the increase in operating costs and provision. Its operating expenses rose by 30.5% to IDR6.5 trillion and provision by 14.8% to IDR2.1 trillion.According to Bank Mandiris President Director Zulkifli Zaini, the growing business expansion throughout the first half of this year has largely contributed to the profit increase. (T06/NOM)

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