The bank saw its operating profit jump 21.19 percent to Rp27.3 trillion, from Rp22.5 trillion, suggesting that it has managed record business growth amidst the fluctuations in the country's macro-economic conditions, Bank Mandiri President Director, Budi G. Sadikin said on Thursday.
"To maintain the quality of business growth amidst volatile economic conditions, Bank Mandiri has continued to strengthen its reserves to face a possible rise in non-performing loans (NPLs). In the third quarter of 2015, the reserve (asset ratio) had reached 160 percent," he said.
He added that third party fund placements in the bank had risen to Rp654.6 trillion in September 2015, from Rp590.9 trillion in the same month last year, indicating that the public trust in the bank has been increasing.
The total amount of low-cost funds collected by the bank reached Rp415.9 trillion, up 15 percent from the same period last year, he said.
Until the end of September 2015, the bank has channeled loans worth Rp560.6 trillion, a 10.7 percent increase, compared with the corresponding period last year, he said.
"The distribution of Bank Mandiris credits is directed towards developing sectors, which have a great impact on national economic growth, helped by micro, small and medium businesses, among others," he said.(*)
Editor: Heru Purwanto
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