JAKARTA: Indonesia's biggest lender by market value, PT Bank Central Asia Tbk (BCA), reported on Wednesday a 12.1 percent rise in net profit for the first half of 2016, lifted by growth in current and savings accounts as well as lower cost of funds.
The bank posted a net profit of 9.6 trillion rupiah ($732.3 million) for the six months ended June 30, up from 8.5 trillion rupiah a year earlier.
"Solid current and savings accounts growth and reduced cost of funds allowed BCA to maintain a healthy net interest margin even with reduction in interest rates across lending segments," BCA President-Director Jahja Setiaatmadja said in a statement.
Oustanding loans at the end of June grew 11.5 percent to 387 trillion rupiah from a year earlier. Non-performing loans however climbed to 1.4 percent from 0.7 percent.
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