TEMPO.CO, Jakarta - InfoBank Magazine's Research Bureau Director Eko B Supriyanto said that profits of Indonesian banks in 2012 have soared by 21.58 percent compared to the previous year.
"The profit marks the highest record of profit in the banking industry so far," said Eko during a discussion at the Grand Sahid Hotel on Monday, June 3.
Significant growth was also evident in the increase of loans that reached 24.77 percent in 2012. In addition, third-party funds have also grown 16.29 percent. "That means, in 2012, loans move faster than the funds," said Eko.
Eko added that the significant growth in performance was accommodated by the country's conducive macro-economic condition at the Bank Indonesia interest rate at 5.75 percent. "The majority of banks in Indonesia have managed to take advantage of the growth momentum when the macro-economic situation was conducive."