Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta ● Tue, August 3, 2021 Major Indonesian banks have shown solid performance in the first half of the year, although analysts warn that the current period could be the calm before the storm as prolonged restrictions to rein in the second wave of COVID-19 could lead to performance deterioration in the second half. State-owned Bank Mandiri, the largest lender by assets, followed by state-owned Bank Tabungan Negara (BTN) and the country's biggest private lender Bank Central Asia (BCA), saw net profits increase between 18 and 21 percent year-on-year (yoy) in the second quarter. Marking the first increase since October 2020, loan disbursements in the banking sector grew 0.59 percent yoy in June, according to Bank Indonesia (BI) and the Financial Services Authority (OJK). Mandiri and BTN saw even faster loan growth at respectively 16.37 percent and 5.59 percent, while BCA recorded 0.3 perc… to Read Full Story SUBSCRIBE NOW Starting from IDR 55,000/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register to read 3 premium articles for free Already… Read full this story
- Banking on business success: reducing risk and engaging customers
- Analysts edgy ahead of Jabil's earnings
- Bancassurance becomes main service earner for banks
- Will banks make federal Web security deadline?
- Why banks will push ahead with offshoring
- Banking crisis timeline
- Chronicling the journey of Indian private banks
- Global tech giants,SAP AG and Deutsche Bank, place their bets on joint CEO model
- How do you return stolen bank credentials?
- Online Banks: Mixed Messages
Banks did better in H1 but analysts see risks ahead have 259 words, post on www.thejakartapost.com at August 3, 2021. This is cached page on Vietnam Colors. If you want remove this page, please contact us.