Bank Mega (MEGA), controlled by tycoon Chairul Tanjung, booked net profit of Rp301 billion in the first quarter of 2016, dropped by almost 20% from the corresponding period of 2015 as its net non-performing loan (NPL) increased by 18.9%. The bank’s total assets also declined 2.9% due to substantial fall of third party time deposits in the bank.To subscribe please click here