Citibank Indonesia booked net profit of Rp686 billion in the first quarter (Q1) of 2017, up 8.3% from Rp633 billion in the same period of last year, supported by 15.73% growth in net interest income, which reached Rp1.12 trillion. Third party funds also increased 13%, supporting profit growth. The Bank’s assets reached Rp74.23 trillion as at March 2017 and lending went up 1.37% to Rp36.9 trillion. Its non performing loan (NPL) was 1.06%.
