The domestic economy, which had slowed down throughout 2013, did not hamper the banks performance, BNI President Director Gatot M. Suwondo said here on Wednesday.
"The bright performance came on the heels of internal and external challenges, including the fuel oil price hike, which led to high inflation; the rupiahs exchange rate, which came under pressure due to the widening current account deficit; and the US Federal Reserves plan to taper economic stimulus," he stated.
The net profit was mostly comprised of operating income, which grew 19.2 percent to Rp28.5 trillion from a year earlier, he claimed.
Net interest income climbed 23.3 percent to Rp19.06 trillion, and non-interest income grew 11.8 percent to Rp9.44 trillion from the year before, he explained.
For all of 2013, the banks return on asset ratio increased to 3.4 percent from 2.19 percent and the return on equity ratio rose to 22.5 percent from 20 percent a year earlier, he said.
The bank also saw a 0.2 percent increase in net interest margin to 6.1 percent in 2013 from 5.9 percent in 2012.
Reporting by Citro Atmoko
Editor: Ella Syafputri
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