REPUBLIKA.CO.ID, JAKARTA - State owned Bank Mandiri recorded a net profit of 9.6 trillion IDR in second quarter of 2014, an increase of 15.6 percent compared to 8.3 trillion IDR in 2013. Profit growth was supported by the increasing net interest margin (NIM) and fee based income.

Acording to Mandiri's president director, Budi Gunadi Sadikin, Mandiri's NIM was recorded at 19.4 trillion IDR or increased 17.6 percent compared to 16.4 trillion IDR in 2013. Mandiri's fee based income was recorded at 7.3 trillion IDR or increased 11.5 percent compared to 6.5 trillion in 2013.

"Then the company's loan to deposit ratio (LDR) has reached 86.97 percent. The ratio is still under the Bank Indonesia's limit of 91 percent," Sadikin said in Jakarta recently.

According to Sadikin, the first and second quarter of 2014 was difficult time for the company, because of slowdown in several economic sectors. Mandiri has to maintain its profit as well as its liquidity. 

Until the second quarter of 2014, Mandiri has disbursed loans of 485.8 trillion IDR, an increase of 13.3 percent compared to 428.7 trillion IDR in 2013. It consisted of credit to productive sectors (370.1 trillion IDR) and small and medium enterprises (65.8 trillion IDR). Mandiri's assets also grew 13.8 percent year on year at 764.9 trillion IDR. 

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