Indonesian banking industry's profit increases 47.7% in 2009

12:38, February 11, 2010      

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Indonesian banking industry booked after tax profit of 45.2 trillion rupiah (about 4.825 billion U.S. dollars) in 2009, increasing 47.7 percent or 14.6 trillion rupiah (about 1.558 billion dollars) compared to previous year, despite shrinking credit expansion, Bisnis Indonesia daily reported on Thursday.

Based on Indonesia's Banking Statistic quoted by the daily, as of December 2009, profit was supported mostly by operating revenue that increased 13.7 percent or 36.1 trillion rupiah (about 3.854 billion dollars) to 298.2 trillion rupiah (about 31.840 billion dollars).

The operating profit was also supported by interest revenue, increasing value of commercial paper, profit from foreign exchange transaction or derivative, dividend and other posts that contributed 21 percent.

On the other side, operating cost also increased significantly by 26.1 trillion rupiah (about 2.787 billion dollars) to 258.3 trillion rupiah (about 27.587 billion dollars) compared to the previous year.

Source: Xinhua
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