JAKARTA: PT Bank Tabungan Negara Tbk (BTN) booked IDR313 billion net profit in the first 3 months of 2012, rose 27.66% than IDR245 billion on the same period last year.
One of the reasons was smaller interest expense than interest income, said Director of Finance Saud Pardede. “Our interest income rose 16.49% to IDR2.11 trillion in Q1, compared to IDR1.81 trillion on the same period last year while our interest expense increased only 10.84% to IDR1.02 trillion from IDR929 billion.”
The low interest expense, he continued, was amid improvement in corporate financial structure. Third party fund rose to IDR64.7 trillion in January-March, rose 33.67% than Q1/2011 at IDR48.4 trillion. (T05/aph)
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