Indonesian Banks Experience Continued Robust Growth in Quarter 1-2013
The banking sector of Indonesia continues to post impressive double-digit growth amid the country's expanding economy and the people's increasing demand for consumer lending. A number of prominent Indonesian banks, which includes Bank Mandiri, Bank Central Asia, Bank Negara Indonesia, Bank Rakyat Indonesia, and Bank CIMB Niaga, have released strong Q1-2013 performance results. However, as the central bank's interest rate might be raised due to inflationary pressures, profits from lending can decline.
Selected Indonesian Banks Q1-2013 Results:
| Net Income¹ (YoY growth) |
Outstanding Loans¹ (YoY growth) |
|
| Bank Rakyat Indonesia |
5.0 (19%) | 361 (28%) |
| Bank Mandiri |
4.3 (26%) | 392 (20%) |
| Bank Central Asia |
2.9 (26%) | 265 (27%) |
| Bank Negara Indonesia | 2.1 (35%) | 201 (22%) |
| Bank CIMB Niaga |
1.1 (12%) | 147 (13%) |
¹ in trillion IDR Rupiah