NII reached Rp17.45 trillion, while the amount of credits extended by the bank grew by 11.1 percent yoy to Rp457.9 trillion, BNI President Director Achmad Baiquni said in a press conference here on Wednesday.
The credit growth was mostly driven by a 11.6 percent rise in the amount of credits extended to corporations.
The bank also saw its non-interest income growing by 9.1 percent yoy to Rp5.08 trillion, fueled by commission from trade financing, commission from bank guarantee, and commission from the consumer retail sector.
With the profit growing 16 percent, the bank`s profitability from return on equity rose to 16.5 percent from 15.6 percent, he stated.
The bank`s interest income raised its net interest margin (NIM) to 5.4 percent. BNI will always keep the NIM at 5.4 percent until the end of this year.
"Our first-semester NIM dropped sharply compared to last year`s. But quarterly, the NIM can still be controlled," he noted.
He added that BNI is more selective in extending credits. Consequently, the ratio of non-performing loans fell to 2.1 percent from 2.8 percent in the same semester last year.
Reported by Indra Arief Pribadi
EDITED BY INE/H-YH