July 17, 2019 / 9:10 AM / a month ago

Indonesia's Bank Mandiri H1 profit rises 11% y/y

JAKARTA, July 17 (Reuters) - Indonesia’s state-controlled Bank Mandiri posted a net income of 13.5 trillion rupiah ($965.67 million) for January-June, up 11% from previous year, the lender said in a statement on Wednesday.

Company’s earnings were supported by 12% growth in lending during the first-half, according to the statement. ($1 = 13,980 rupiah) (Reporting by Cindy Silviana, Writing by Fransiska Nangoy, Editing by Sherry Jacob-Phillips)

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