Bank Mandiri (BMRI), still the largest bank by total assets, posted 17.4% growth in net profit last year on the back of 19% increase in net interest income (NII). The bank’s operating profit grew 20% last year, higher than two other state banks: BRI and BTN. Mandiri’s consolidated return on equity (ROE) inched up to 27.3%, still way below BRI.

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