Bank Panin (PNBN) reported a 20.2% decline in net profit, to Rp2 trillion in 2017 from Rp2.5 trillion in 2016 as growing operating expenses offset the growth in lending and net interest income. The Bank’s credit grew 4.5% to Rp140.4 trillion in the period and net interest income increased 2.46% to Rp8.65 trillion. Net interest margin (NIM) was 4.49%, lower than 4.94% in 2016.To subscribe please click here
