So far so good. State-owned Bank Mandiri (BMRI) booked profit after tax of Rp30.65 trillion in the first nine months (9M) of 2022, jumped 59.4% year on year (y/y). Bank CIMB Niaga (BNGA), meanwhile, posted net profit of Rp3.89 trillion in first 9M of 2022, grew 23.5% y/y, as operating profit rose 25% y/y to Rp5 trillion. To subscribe please click here