Bank Rakyat Indonesia Q2 net profit jumps 67 pct

Bank Rakyat Indonesia , the world's biggest micro lender, had a 67 percent rise in second-quarter net profit driven by strong domestic demand boosted loan growth, a statement seen by Reuters showed on Thursday.

Net profit rose to 3.5 trillion indonesian rupiah ($412 million), compared with 2.1 trillion rupiah in the same period a year earlier, according to a Reuters calculation based on the lender's first-quarter and first-half results.

First-half net profit rose by 58 percent to 6.8 trillion rupiah from 4.3 trillion rupiah in the same period a year ago while net interest income rose by 23 percent to 16.9 trillion rupiah.
Analysts have forecast Bank Rakyat's 2011 net profit will rise by 12 percent to 12.9 trillion rupiah, according to Thomson Reuters I/B/E/S.

Shares in Bank Rakyat closed down 1.5 percent. They have risen nearly 24 percent in the first half of the year to outperform a Jakarta index up around 5 percent. ($1 = 8497.0 Rupiahs). Source: Reuters