The profit last year was the first exceeding Rp1 trillion, said Bien Subiantoro, the president of the bank, which is jointly owned by the regional administrations of West Java and Banten, here on Tuesday
The bank was established when Banten was part or a regency of West Java province.
The remaining 44 percent or Rp521.6 billion of the profit would be retained for general reserve, Bien said.
He said last year the bank succeeded in increasing its capital to more than Rp5 trillion.
Under a new regulation of Bank Indonesia, BJB is allowed to open offices all over the country even in other countries in Asia, he said.
West Java , as the largest shareholder received Rp254 billion of the dividend up from Rp226.76 billion last year. The fund is included as the province`s original regional income (PAD).
Banten`s share of the dividend was Rp36 billion.
By the end of 2012, BJB had assets valued at Rp71 billion with outstanding credit growing 50.6 percent to Rp35.4 billion. (*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
