REPUBLIKA.CO.ID, JAKARTA - Two Indonesian biggest banks, Mandiri Bank and Bank Central Asia (BCA) recorded their net profit grew over 25 percent during the first quartal of 2013 due to the increasing loans. Mandiri notted 4.3 trillion IDR as net profit, while BCA recorded 2.9 trillion IDR. 

President Director of Mandiri Bank, Budi Gunadi Sadikin said that the positive results was supported by loans at 392 trillion or grew by 19.7 percent from 327.1 trillion IDR in 2012. 

"It was significantly supported by micro finance which grew 58.1 percent year on year from 13.1 trillion in first quartal 2012 to 20.7 trillion IDR now," he said on Tuesday.

Mandiri Bank booked 641 trillion IDR as total asset in first quarter of 2013. It grew by 17.1 percent compared with 546.9 trillion IDR in 2012. 

BCA also recorded good performance due to low level of interest expense (cost of funds). It prompted an increase in net interest margin (NIM) by 66 basis points to 5.9 percent year to year (yoy).

"We were able to provide appropriate financial solutions for customers and carry out an important role of financial intermediation," President Director BCA, Jahja Setiaatmadja said. The loan stood at 265 trillion IDR that increased 26.7 percent (yoy). Commercial and small medium enterpreneur's loans grew 30.2 percent (yoy) or 105.7 trillion IDR, and corporate loans grew 17.2 percent (yoy) or 87.6 trillion IDR in March 2013. 

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