Jakarta ● Wed, September 15 2021
During the second quarter of this year, Indonesian banks delivered a very good income performance. The combined net profit of the largest six banks in Indonesia reached Rp 46.7 trillion (US$3.27 billion), increasing significantly by 19.7 percent from the year before, driven by rising net interest income that also rose by almost 20 percent to Rp 129.9 trillion. Improving banks’ profitability came after the national economy experienced a strong recovery out of a recession during the second quarter.
Yet banks still face many challenges, especially from the economic impacts of stricter social restrictions to curb the spread of the more infectious COVID-19 variant, the Delta.
There are signs of slowing loan growth and weakening asset quality. Loan growth in July slowed to 0.5 percent on a yearly basis from 0.6 percent in June. And at the same time, the ratio of trou…
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