The profit hike was the result of growth in all core businesses and improvement of all operational activities, acting BII President Director Rahardja Alimhamzah said in a press statement issued on Tuesday.
"Our growth has shown a positive result for profitability," he said.
He said sustainable growth in all segments would improve performance and market share while at the same time ensuring good quality assets.
"Our investment in infrastructure, information technology and human capital will virtually support the growth of our businesses," he said.
He said the bank recorded a consolidated credit growth of 22 percent to Rp61.9 trillion in September 2011 from Rp50.8 trillion in September 2010.
Small and medium business and commercial credits grew 26 percent to Rp22.2 trillion, followed by corporate and consumer credits which rose 23 percent and 19 percent respectively, he said.
Corporate credits contributed 24 percent of the overall credits extended, while small and medium business and commercial credits contributed 36 percent and 40 percent respectively, he said.
He said the amount of third party fund placement in the year ended September 30, 2011 rose 20 percent to Rp66.6 trillion.
As per September 30, 2011, BII`s total assets stood at Rp90.9 trillion, up 26 percent from a year earlier.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
