The banking industry is performing well this year as it posted a 9.14% growth in profit for January-August 2016 period, supported by improved efficiency, mainly on cost of funds. The Financial Services Authority (OJK) reported on Wednesday (Oct 19) that the banking sector booked net interest income of Rp223.21 trillion. It grew 12.07% year on year as interest expense only increased slightly (1.1%) to Rp228.34 trillion.To subscribe please click here
