PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) booked a net profit of Rp14.15 trillion in the first nine months (9M) to Sept. of 2020, dropped 43% from Rp24.8 trillion in the corresponding period of 2019 as other operating expenses rose 17% year on year (y/y) to Rp38.73 trillion. Provision expenses also increased by 24.2% to Rp19.39 trillion. BRI’s net interest income declined 5.4% to Rp85.86 trillion. The net interest margin (NIM) was 5.64%. Fee & other operating income grew 13.5% to Rp21.47 trillion.
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