Credits grew 22.8 percent, pushing net interest income to increase 17.1 percent to Rp15.5 trillion in 2012 from Rp13.2 trillion the year before, BNI President Director Gatot M Suwondo said.
Non-interest income grew 11.1 percent to Rp8.4 trillion in 2012 from Rp7.6 trillion in 2011, with provisions and commissions being the main source of non-interest income growth, he said.
As a result, the bank`s operating income in 2012 rose 14.9 percent to Rp23.9 trillion from a year earlier, he said.
"Therefore, the income we have achieved is categorized as being sustainable because the operating income growth is higher than the operating expense growth reaching 14.4 percent," he said.
He admitted that BNI received pressure from the yield of credits extended because it slightly fell to 10.6 percent in 2012 from 11 percent in 2011.
Yet, BNI recorded strong growth from the increasingly cheaper third party funds as could be seen from a decline in the cost of fund to 2.7 percent in 2012 from 3.5 percent a year earlier, he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
