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BANK NEGARA INDONESIA'S PROFIT DOWN 53 PCT IN 2007.
AsiaPulse News
|
April 01, 2008 |
COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
JAKARTA, April 1 Asia Pulse - State-owned Bank Negara Indonesia (BNI) said Monday its profit after tax last year fell 53.24 per cent to Rp898 billion (US$97.9 million) from Rp1.93 trillion the year before.
The drop was the result of the bank's policy to raise its reserves in anticipation of a global economic slowdown, prompting the management of the bank to take more conservative steps in assessing the quality of its assets, BNI President Director Gatot M Suwondo said in a press conference on Monday.
"One of the ways to face the global conditions is raising reserves to 72 ...
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Source: HighBeam Research, BANK NEGARA INDONESIA'S PROFIT DOWN 53 PCT IN 2007.