State-owned Bank Mandiri (BMRI) booked profit after tax of Rp7.08 trillion in the first half (H1) of 2016, declined 28.66% from Rp9.92 trillion in the corresponding period of 2015, due to the 116.3% jump in provisions, to Rp9.9 trillion compared to Rp4 trillion provision in H1/2015 along with the growing net performing loan (NPL). Bad loans of middle segment and commercial boosted the NPL gross to 3.86% (Rp20.44 trillion), from previous 2.43%.To subscribe please click here